The Effect of Economic Crises on Economic Sustainability in the Mediterranean Countries: A Case Study on Aviation

Ayşe Susuz; İlinay Güllü; Melih Yıldız; Sevim Yılmaz

The Effect of Economic Crises on Economic Sustainability in the Mediterranean Countries: A Case Study on Aviation

Abstract

Aviation is one of the transportation sectors that affect the country's economy and ensure its development. The aim of this study; one of the most important problems of today is to examine the effects of the economic dimension of sustainability within the scope of the aviation sector. The importance of the research is to raise awareness of the airline companies operating in the sector and to make a quantitative contribution to the aviation case studies in the literature. The effects of the economic crises on the sustainable economy were examined within the scope of the aviation sector. In this analysis, the data of the Mediterranean countries Italy, France, Spain and Turkey for the years 2000-2019 were used. Among the variables included in the analysis, the dependent variable is gross national product; carbon dioxide emissions, the number of passengers carried in the aviation sector and the amount of cargo carried were chosen as independent variables. GMM and Granger Causality Analysis were applied to the variables, respectively. According to the GMM analysis, carbon dioxide emissions and the amount of cargo carried in the aviation sector are positive and statistically significant. The number of passengers carried in the aviation sector is negative and statistically insignificant. In the Granger Causality Analysis, it was found that there is a one-way causality relationship from economic growth to the amount of cargo transported. It was observed that there is a bidirectional causality relationship between economic growth, the number of passengers carried in aviation and carbon dioxide emissions.

Keywords

References

Akimov, A., Wijeweera, A. & Dollery, B., (2009). Financial development and economic growth: evidence from transition economies, Applied Financial Economics, 19, pp. 999–1008.
Arvin, M.B., Pradhan, R.P., & Norman, N.R. (2015). Transportation intensity, urbanization economic growth and CO2 emissions in tje G-20 countries, Utilities Policy, 35, 50-66.
Ay, Z., Seçme, Z. O., & Topçu, N. (2023) Sürdürülebilirlik Performansı Covid-19 Salgını Sırasında Havayolu Şirketlerinin Finansal Performansını Nasıl Etkilemiştir?. İşletme Araştırma Dergisi, 15(2), 988-1002.
Baltagi, B. (2005). Econometric analysis of panel data. Third Edition, Canada: John Wilwy & sons. Beyzatlar, M. A., Karacal, M, & Yetkinler, H. (2014). Granger causality between transportation and Gdp: A panel data Approach. Transpotation Research Part A: Policy and Practice, 63, 43-55.
Button, K., & Yuan, J. (2013). Airfreight transport and economic development: An examination of causalty. Urban studies, 50(2), 329-340.
Collin P.H. (2004). Dictionary of environment & ecology EISBN-13: 978-1-4081-0222-0, 265 s, Bloomsbury publishing plc, London.
Cakmak, İ., & Öztürk, S. (2023). 2008 Küresel Ekonomik Krizi ve Türkiye’de Sektör Karlılığı. Fiscaeconomia, 7(2), 1700-1720. 53
De Oliveria., H. V. E., & Moutinho, V. (2022). Do renewable, non-renewable energy, carbon emission and Kof globalization influencing economic growth? Evidence from BRICS’ countries. Energy Reports, 8, 48-53.

Gedik, Y. (2020). Sosyal, Ekonomik ve Çevresel Boyutlarda Sürdürülebilirlik ve Sürdürülebilir Kalkınma. Uluslararası Ekonomi Siyaset İnsan ve Toplum Bilimleri Dergisi, 3(3), 196-215.
Karaçor, Z. (2006). Öğrenen Ekonomi Türkiye: Kasım 2000- Şubat 2001 Krizinin Öğrettikleri. Selçuk Üniversitesi Sosyal Bilimler Enstitüsü Dergisi, (16), 379-391.
Kavak, O., Kaygın, E. (2021). Ekonomik Krizlerin Sivil Havacılık Sektörü Üzerindeki Etkilerine Kronolojik Bakış, Sakarya Üniversitesi İşletme Enstitüsü Dergisi, 3(1), 181-186. DOU: 10.47542/ Sauied.933905.
Khan, S., Peng, Z., & Li, Y. (2019). Energy Consumption, Environmental Degradation, Economic Growth and Financial Development In Global: Dynamic Simultaneous Equations Panel Analysis. Energy Reports, 5, 1089-1102.
Kılıc, B., & Aslan, A. (2021). Akdeniz Ülkelerinde Havacılık ve Turizm Arasındaki Nedensellik İlişkisin Üzerine Ampirik Bir Araştırma1. Journal of Aerospace Science and Management, 1(1) , 1-14.
Kocak, D., (2023). Havayolu Taşımacılığı Sektörünün Özellikleri ve Gelir- Giderleri: Güncel Bakış,9.
McManners, P. J. (2016). Developing Policy İntegrating Sustainability: A Case Study İnto Aviation, Environmental Science & Plocy, 57, 86-92.
Murphy, H. T., O’Connell, D. A., Raison, R. J., Warden, A. C., Booth, T. H., Herr, A., … & Rye, L. (2015) Biomass Production For Sustainable Aviation Fuels: A Regional Case Study İn Queensland. Renewable and Sustainable Energy Reviews, 44, 738-750.
Nurettin, A., (2016). Ekonomik Krizlerin Turizm Sektörüne Olan Etkileri Üzerine Bir İnceleme. Elektronik Sosyal Bilimler Dergisi, 15(59).
Hsiao, C. (2003). Analysis of panel data Second Edition, New York: Cambridge University Press.
Ozbey, N., & Akan, Y., (2022). Türkiye’de Havacılıkta Yolcu ve Uçak Trafiğinin Ekonomik Büyümeye Etkisi Üzerine Bir Uygulama. Erzincan Binali Yıldırım Üniversitesi İktisadi ve İdari Bilimler Fakültesi Dergisi, 4(1), 82-94.
Ozturk, I., & Acaravcı, A. (2010). CO2 emissions, energy consumption and economic growth in Turkey. Renewable and Sustainable Energy Reviews, 14(9), 3220-3225.
Peng, H., Tan, X., Li, Y., & Hu, L. (2016). Economic growth foreign direct investment and CO2 Emissions in China: a panel granger causality analysis. Sustainability, 8(3), 233.
Peskircioglu N. (2016). 2030 Sürdürülebilir Kalkınma Hdefleri: Küresel Verimliik Hareketine Doğru. Anahtar Dergisi, 22(335), 4-9.
Saidi, K., & Mbarek, M. B: (2016). Nuclear energy renewable energy CO2 emissions, and economic growth for nine developed countries: Evidence from panel Granger causality tests. Progress in Nuclear Energy, 88, 364-374.
Serel, A., & Bayır, M. (2013). 2008 Finansal Krizinde Para Politikası Uygulamaları: Türkiye Örneği. Journal of Management and Economics Research, 11(19), 59-80.
Sesliokuyucu, O. S., & Yanar, R. (2018). Havayolu Taşımacılığının Küresel Değer Zincirlerinde Yükselmeye Etkisi. Sürdürülebilir Havacılık Araştırmaları Dergisi, 3(2), 63-69.
Shahbaz, M., Jam, F.A., Bibi, S., & Loganathan, N. (2016). Multivariate Granger causality between CO2 emissions, energy intensity and economic growth in Portugal: evidence from cointegration and causality analysis. Technological and Economic Development of Economy, 22(1), 47-74.
SHGM, Sivil Havacılık Genel Müdürlüğü Faaliyet Raporu 2020, https://web.shgm.gov.tr, E.T.:20.06.2023.
Sucu, M. (2021). Covid-19 Salgını Döneminde Havacılık Sektöründe Kriz Yönetimi: Türk Havayolları (THY) Özelinde Bir Durum Çalışması. İşletme Araştırmaları Dergisi, 13(3), 2863-2884.
Suleymanoğlu Kurum, R. (2021). Uluslararası İlişkilerde Nitel Yöntemlerle Makale Yazımı: Vaka Analizi ve İncelikleri. Pamukkale Üniversitesi Sosyal Bilimler Enstitüsü Dergisi, Yıl 2021 Sayı 42: Özel sayı 1, 149-169. DOI: 30794/ pausbed.801518.
Simsek, H. (2021). Havayolu Taşımacılığında Kriz Yönetimi. Journal of Aviation Research, 3(1), 21-40.
Taghvaee, S. M., Omaraee, B., & Mohamad Taghvaee, V. (2017). Maritime transportation, environmental pollution, and economic growth in Iran: Using dynamic log linear model and Granger causality approach. Iranian Economic Review, 21(2), 185-210.
Taha, EĞRİ, & Doğaner, A. (2020). Covid-19 ve Ekonomik Kriz: Kobiler Özelinde Bir Değerlendirme ve Politika Önerileri. İstanbul Ticaret Üniversitesi Sosyal Bilimler Dergisi, 19(37), 128-145.
Tong, T, & Yu, T.E. (2018). Transportation and economic growth in China: A heterogeneous panel Cointegration and causality analysis. Journal of Transport Geography, 73, 120-130.
Torum, O., & Yılmaz, A.K. (2009). Havacılıkta Sürdürülebilirlik Yönetimi: Türkiye’deki Hava Limanları için Sürdürülebilirlik Uygulamaları Araştırması. Journal of Aeronautics and Space Technologies, 4(2), 47-58.
Vikipedi Özgür Ansiklopedi, (2022), Pierre Guillauma Frederic Le Play, https://tr.wikipedia.org, E. T.: 20.06.2023.
WDI, World Development Indicators, https://databank.worldbank.org, E.T.: 20.06.2023.

Details

Primary Language

English

Subjects

Air Transportation and Freight Services

Journal Section

Research Article

Authors

Ayşe Susuz ^*
Türkiye

İlinay Güllü This is me
Türkiye

Melih Yıldız
Türkiye

Sevim Yılmaz
Türkiye

Publication Date

July 15, 2023

Submission Date

June 3, 2023

Acceptance Date

June 30, 2023

Published in Issue

Year 2023 Volume: 3 Number: 1

IZ

https://izlik.org/JA99KY27EE

Cite

RIS / Bibtex

APA

Susuz, A., Güllü, İ., Yıldız, M., & Yılmaz, S. (2023). The Effect of Economic Crises on Economic Sustainability in the Mediterranean Countries: A Case Study on Aviation. Research in Aviation Management (RAM), 3(1), 40-54. https://izlik.org/JA99KY27EE

AMA

1.Susuz A, Güllü İ, Yıldız M, Yılmaz S. The Effect of Economic Crises on Economic Sustainability in the Mediterranean Countries: A Case Study on Aviation. Research in Aviation Management (RAM). 2023;3(1):40-54. https://izlik.org/JA99KY27EE

Chicago

Susuz, Ayşe, İlinay Güllü, Melih Yıldız, and Sevim Yılmaz. 2023. “The Effect of Economic Crises on Economic Sustainability in the Mediterranean Countries: A Case Study on Aviation”. Research in Aviation Management (RAM) 3 (1): 40-54. https://izlik.org/JA99KY27EE.

EndNote

Susuz A, Güllü İ, Yıldız M, Yılmaz S (July 1, 2023) The Effect of Economic Crises on Economic Sustainability in the Mediterranean Countries: A Case Study on Aviation. Research in Aviation Management (RAM) 3 1 40–54.

IEEE

[1]A. Susuz, İ. Güllü, M. Yıldız, and S. Yılmaz, “The Effect of Economic Crises on Economic Sustainability in the Mediterranean Countries: A Case Study on Aviation”, Research in Aviation Management (RAM), vol. 3, no. 1, pp. 40–54, July 2023, [Online]. Available: https://izlik.org/JA99KY27EE

ISNAD

Susuz, Ayşe - Güllü, İlinay - Yıldız, Melih - Yılmaz, Sevim. “The Effect of Economic Crises on Economic Sustainability in the Mediterranean Countries: A Case Study on Aviation”. Research in Aviation Management (RAM) 3/1 (July 1, 2023): 40-54. https://izlik.org/JA99KY27EE.

JAMA

1.Susuz A, Güllü İ, Yıldız M, Yılmaz S. The Effect of Economic Crises on Economic Sustainability in the Mediterranean Countries: A Case Study on Aviation. Research in Aviation Management (RAM). 2023;3:40–54.

MLA

Susuz, Ayşe, et al. “The Effect of Economic Crises on Economic Sustainability in the Mediterranean Countries: A Case Study on Aviation”. Research in Aviation Management (RAM), vol. 3, no. 1, July 2023, pp. 40-54, https://izlik.org/JA99KY27EE.

Vancouver

1.Ayşe Susuz, İlinay Güllü, Melih Yıldız, Sevim Yılmaz. The Effect of Economic Crises on Economic Sustainability in the Mediterranean Countries: A Case Study on Aviation. Research in Aviation Management (RAM) [Internet]. 2023 Jul. 1;3(1):40-54. Available from: https://izlik.org/JA99KY27EE