Determinants of Air Transport in the BRICS-T Countries: Findings from Panel Data Analysis

Year 2024, Volume: 74 Issue: 2, 377 - 400, 31.12.2024

Şevket Pazarcı , Emre Kılıç , Asim Kar , Sıla Kale

https://doi.org/10.26650/ISTJECON2024-1325952

Abstract

This paper examines the factors that determine air transport in the BRICS countries, which account for approximately 42% of the world’s population and occupy an important position among developing countries in terms of economic size. In more detail, in this study, air transport examines two different models, passenger and freight transport. The research is carried out for the period 1996-2020. Panel data methods were used as analysis methods. According to the results of the analysis, both air passenger transport and air freight transport act together with their macroeconomic and socioeconomic determinants in the long term. Income is positive and significant in the air passenger transportation model, while income is insignificant in the freight transportation model. In addition, inflation, exchange rate, industrialisation and urbanisation on a country basis are important determinants of both air passenger transport and air freight transport for BRICS-T.

JEL Classification : C23 , L93

Keywords

Airway transportation, Panel data analysis, BRICS-T

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