International Conference on Eurasian Economies
10-12 July 2017 – Istanbul, TURKEY
Paper detail
Paper ID : 1930
Status : Paper published
Language : Turkish
Topic : Sectoral Analyses
Presenter: Pınar Gümüş Akar
Session : 1B Dış Ticaret I
An Empirical Analysis on the Elasticity of Air Transportation Demand: Sample of Turkey
Havayolu Taşımacılığı Talep Esnekliği Üzerine Ampirik Bir Analiz: Türkiye Örneği
- Prof. Dr. Harun Bal (Çukurova University, Türkiye)
- Pınar Gümüş Akar (Gaziantep University, Türkiye)
- Asst. Prof. Dr. Müge Manga (Erzincan Binali Yıldırım University, Türkiye)
Abstract
Air Transportation, which is a sector ever-increasing its volume and importance because of requiring infrastructural investments, providing fast and reliable transportation facilities, offering employment and its the positive effects on the other sector activities. The demand, for air transportation which is appeared in development goals of many countries and the development indicators of the World bank, is constituted one of the most important components. The aim of this study is estimated of the sensitivity to income and price, air transportation demand in Turkey. In this direction, it is estimated the price and income elasticities in the short and long term by the FMOLS and VEC method for the air passenger demand using the data of GSYH, flight ticket price index and the number of passengers in Turkey in the period of 2007Q1-2016Q1. The results obtained, consistent with expectations, are indicated that the price inelasticity of the air passenger demand in Turkey is high and according to the income elesticity parameter is luxury good.
JEL codes: R40, L93, C93
Bal, Harun, Gümüş Akar, Pınar, Manga, Müge (2017). "An Empirical Analysis on the Elasticity of Air Transportation Demand: Sample of Turkey" in Proceedings of International Conference of Eurasian Economies 2017, pp.149-154, Istanbul, TURKEY.
DOI: https://doi.org/10.36880/C08.01930
