TY - JOUR T1 - Structural and Financial Determinants in the Development of the Aviation Sector: Evidence from Türkiye AU - Ekin, Senagül AU - Taşdemir, Ahmet PY - 2026 DA - June Y2 - 2026 DO - 10.30518/jav.1925607 JF - Journal of Aviation JO - JAV PB - Vedat Veli ÇAY WT - DergiPark SN - 2587-1676 IS - Advanced Online Publication LA - en AB - Within the scope of this study, it is aimed to address the structural and financial determinants of passenger and freight transportation in the aviation sector. In order to analyze the sensitivity of the traffic in air transportation to various macroeconomic factors, two separate baseline equations were constructed using a semi-logarithmic framework, which covers the period between 1993-2023 and utilizes annual data. In the empirical analysis process, the ARDL Bounds Test approach was adopted to determine the long-term cointegration relationships between the variables; the Fourier Toda-Yamamoto test, which takes structural breaks into account and prevents information loss, was used to analyze causality relationships. In light of the empirical findings obtained, it is demonstrated that domestic credit expansions (DCREDIT) and market valuations (MCAP) play a dominant role in long-term growth in both passenger (PAX) and freight/cargo (FRE) models. Moreover, the findings indicate that the value-added of Machinery and Transport Equipment (MTE) manufacturing is significant and positive at the 1% level in the passenger transportation model and the 10% level in the freight transportation model; thus, technological production, such as machinery and transport equipment, is of vital importance in the development of the sector. 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