Determinants of air travel demand in Middle Income Countries |
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| Affiliation: | 1. College of Air Traffic Management, Civil Aviation University of China, Tianjin 300300, China;2. Airport Operation Center, Changsha Huanghua International Airport, Changsha 410141, China;3. Tianjin Station of Air Traffic Management, Tianjin 300300, China;1. School of Management, University of Chinese Academy of Sciences, No. 80 Zhongguancun East Road, Haidian District, Beijing 100190, China;2. Business School, Sichuan University, No. 29 Wangjiang Road, Chengdu 610064, China;3. School of International Trade and Economics, University of International Business and Economics, No. 10 Huixin East Street, Chaoyang District, Beijing 100029, China;4. School of Information Management, Central China Normal University, No. 152 Luoyu Road, Wuhan 430079, China;5. Academy of Mathematics and Systems Science, Chinese Academy of Sciences, No. 55 Zhongguancun East Road, Haidian District, Beijing 100190, China |
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| Abstract: | The aim of this paper is to calculate the effects of air travel demand determinants in Middle Income Countries (MICs). Through static and dynamic panel data models from 32 countries during the period from 2002 to 2008, we found that the income elasticity is the most important determinant and that it is slightly higher than one. Income growth multiplied by income elasticity accounts for 75 percent of total passenger growth. Public policies such as an open skies agreements with the European Union have a positive effect on passenger growth, whereas structural changes, such as Low Cost Carrier (LCC) growth, have a marginal effect. |
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| Keywords: | Air travel demand Demand elasticity Middle income countries |
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