A dynamic demand analysis of the United States air-passenger service
A dynamic demand analysis of the United States air-passenger service
- Neue Suche nach: Chi, Junwook
- Neue Suche nach: Baek, Jungho
- Neue Suche nach: Chi, Junwook
- Neue Suche nach: Baek, Jungho
Highlights ► We examine the dynamic effects of determinants of the demand for US air services. ► In the long-run, airfare, disposable income and NASDAQ have significant effects. ► In the short-run, income, NASDAQ, population and airfare are jointly significant. ► The 9/11 terrorist attacks drops air travel demand by 5% during 2001:Q3–2002:Q2.
Abstract This study examines the short- and long-run effects of various determinants on the demand for US air passenger-services using the Johansen cointegration analysis and a vector error-correction (VEC) model. Results show that, in the long-run, airfare, disposable income and NASDAQ have significant effects on US air travel demand. The combined short-run dynamic effects of disposable income, NASDAQ, population and airfare jointly explain changes in air passenger-miles. Finally, we find that the 9/11 terrorist attacks drop air passenger demand by 5% during 2001:Q3–2002:Q2, which in turn pushes down the seat capacity by 4%. However, it has little impact on airfare.
Dokumentinformationen
A dynamic demand analysis of the United States air-passenger service
Transportation Research Part E: Logistics and Transportation Review ; 48 , 4 ; 755-761
2011-12-16
7 pages
Aufsatz (Zeitschrift)
Elektronische Ressource
Englisch
Ähnliche Titel
A dynamic demand analysis of the United States air-passenger service
| Online Contents | 2012
Demand for public and private passenger transport in the United States
| British Library Online Contents | 1996
American passenger liner "United States"
Engineering Index Backfile | 1951
Research on passenger flow distribution under dynamic passenger flow demand
| British Library Conference Proceedings | 2023