Araştırma Makalesi
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Macroeconomic Determinants of Air Transportation: A VAR Analysis on Turkey

Yıl 2018, Cilt: 17 Sayı: 4, 1536 - 1557, 27.09.2018
https://doi.org/10.21547/jss.391041

Öz

The aim of this study is to investigate the relationship
between air transport and macroeconomic variables for the 1983-2015 period in
Turkey, by using the VAR analysis. Three key indicators of air transport were
used in the study. These were domestic passengers, international passengers and
international cargos. In this study, three different models were created using
indicators of air transport, including macroeconomic variables assumed to be
related to them. In the first model, the relationship between domestic
passenger demand and per capita gross domestic product (GDP), interest rate and
consumer price index (CPI) was examined. In the second model, the relationship
between international passenger demand and gross domestic product (GDP),
interest rate and consumer price index (CPI) was examined. In the third model,
the relationship between international cargo demand and gross domestic product
(GDP), foreign trade volume, industrial production index and foreign direct
investment amount was investigated. The results of the study show that per
capita income, gross domestic product and consumer price index variables for
domestic and international passenger demand are quite significant. In the case
of International cargo demand, gross domestic product and industrial production
index variables were observed to be influential.

Kaynakça

  • Beyzatlar, M. A., M. K., & Yetkiner, H. (2014). Granger-causality between transportation and GDP: A panel data approach. Transportation Research Part A(63), 43–55.
  • Brons, M., Pels, E., Nijkamp, P., & Rietveld, P. (2002). Price elasticities of demand for passenger air travel: a meta-analysis. Journal of Air Transport Management, 8(1), 165–175.
  • Brueckner, J. K. (2003). Airline Traffic and Urban Economic Development. Urban Studies, 40(8), 1455–1469.
  • Button, K., & Yuan, J. (2013). Airfreight Transport and Economic Development: An Examination of Causality. Urban Studies, 50(2), 329–340.
  • Chi, J., & Baek, J. (2013). Dynamic relationship between air transport demand and economic growth in the United States: A new look. Transport Policy(29), 257–260.
  • Doğan, E. M., Akan, Y., & Oktay, E. (2006). Şehirlerarası Ulaşım Talebini Etkileyen Faktörlerin Analizi: Atatürk Üniversitesi Öğrencileri Üzerine Bir Uygulama. Atatürk Üniversitesi Sosyal Bilimler Enstitüsü Dergisi, 7(1), 345-356.
  • Erraitab, E. (2016). An Econometric Analysis Of Air Travel Demand: The Moroccan Case. European Scientific Journal, 12(7), 167-380.
  • Erraitab, E., Hefnaoui, A., & M. M. (2016). A Cointegration Analysis of Air Travel Demand: The Case of International Air Travel Demand between Morocco and European Union. International Journal for Traffic and Transport Engineering, 6(1), 104-120.
  • Fernandes, E., & Pacheco, R. R. (2010). The causal relationship between GDP and domestic air passenger traffic in Brazil. Transportation Planning and Technology, 33(7), 569-581.
  • Fuellhart, K., & O'connor, K. (2013). Air Services at Australian Cities: Change and Inertia 2005–2010. Geographical Research, 51(1), 37-48.
  • Abed, S. Y., Ba-Fail, A. O., & Jasimuddin, S. M. (2001). An econometric analysis of international air travel demand in Saudi Arabia. Journal of Air Transport Management, 143-148.
  • Granèay, M. (2010). The Economic Impacts of Air Transport Liberalization. Zagreb International Review of Economics & Business, 13(2), 73-88.
  • Grubba, H., & Mason, A. (2001). Long lead-time forecasting of UK air passengers by Holt–Winters methods with damped trend. International Journal of Forecasting, 17(1), 71-82.
  • Hakim, M. M., & Merkert, R. (2016). The causal relationship between air transport and economic growth: Empirical evidence from South Asia. Journal of Transport Geography (56), 120–127.
  • Hensher, D. A., Truong, T. P., Mulley, C., & Ellison, R. (2012). Assessing the wider economy impacts of transport infrastructure investment with an illustrative application to the North-West Rail Link project in Sydney, Australia. Journal of Transport Geography, 24(1), 292–305.
  • Hu, Y., Xiao, J., Deng, Y., Xiao, Y., & Wang, S. (2015). Domestic air passenger traffic and economic growth in China: Evidence from heterogeneous panel models. Journal of Air Transport Management (42), 95-100.
  • IATA. (2016). Air Freight Market Analysis-June 2016. The International Air Transport Association (IATA).
  • Ishutkina, M. A., & Hansman, R. J. (2008). Analysis of Interaction between Air Transportation and Economic Activity. The 26th Congress of International Council of the Aeronautical Sciences (ICAS). Alaska.
  • Itoa, H., & Lee, D. (2005). Assessing the impact of the September 11 terrorist attacks on U.S. airline demand. Journal of Economics and Business, 57(1), 75–95.
  • Kasarda, J. D., & Green, J. D. (2005). Air cargo as an economic development engine: A note on opportunities and constraints. Journal of Air Transport Management, 11(1), 459–462.
  • Kiboi, J. W., Katuse, P., & Mosoti, Z. (2017). Macroeconomic Determinants of Demand for Air Passenger Transport Among Selected Airlines. Journal of Business and Strategic Management, 2(3), 101-118.
  • Aderamo, A. J. (2010). Demand for Air Transport in Nigeria. Journal of Economics, 1(1), 23-31.
  • Kopsch, F. (2012). A demand model for domestic air travel in Sweden. Journal of Air Transport Management, 20(1), 46-48.
  • Kulendran, N., & Wilson, K. (2000). Is there a relationship between international trade and international travel? Applied Economics, 32(8), 1001-1009.
  • Kupfer, F., Meersman, H., Onghena, E., & Voorde, E. V. (2009). Air Cargo: The Difference between Success and Failure? European Transport Conference ( 1-31). Association for European Transport and contributors.
  • Lai, S. L., & Lu, W.-L. (2005). Impact analysis of September 11 on air travel demand in the USA. Journal of Air Transport Management, 11(1), 455–458.
  • Marazzo, M., Scherre, R., & Fernandes, E. (2010). Air transport demand and economic growth in Brazil: A time series analysis. Transportation Research Part E (46), 261–269.
  • Ozan, C., Başkan, Ö., Haldenbilen, S., & Ceylan, H. (2014). Yurtiçi hava taşımacılığı talebinin modellenmesi ve senaryolar altında değerlendirilmesi. Pamukkale Üniversitesi Mühendislik Bilimleri Dergisi, 29(9), 319-323.
  • Profillidis, V., & Botzoris, G. (2015). Air passenger transport and economic activity. Journal of Air Transport Management (49), 23-27.
  • Sevüktekin, M., & Çınar, M. (2014). Ekonometrik Zaman Serileri Analizi. DORA Basım-Yayın ve Dağıtım Ltd. Şti.
  • Sivrikaya, O., & Tunç, E. (2013). Demand Forecasting for Domestic Air Transportation in Turkey. The Open Transportation Journal, 7, 20-26.
  • Sofany, A. (2016). The Determinants Of Domestic Air Transport Demand In Ethiopia. Addis Ababa: Addis Ababa University, The Department of Economics.
  • Adrangi, B., Chatrath, A., & Raffiee, K. (2001). The demand for US air transport service: a chaos and nonlinearity investigation. Transportation Research Part E: Logistics and Transportation Review, 37(5), 337-353.
  • Tarı, R. (2012). Ekonometri (8. Baskı b.). Kocaeli: Umuttepe Yayınları.
  • Tsekeris, T. (2009). Dynamic analysis of air travel demand in competitive island markets. Journal of Air Transport Management, 15(1), 267–273.
  • Valdes, V. (2015). Determinants of air travel demand in Middle Income Countries. Journal of Air Transport Management, 42(1), 75-84.
  • Vijver, E. V., Derudder, B., & Witlox, F. (2014). Exploring causality in trade and air passenger travel relationships: the case of Asia-Pacific, 1980–2010. Journal of Transport Geography, 34(1), 142–150.
  • Xiao, Y., Liu, J. J., Hu, Y., Wang, Y., Lai, K. K., & Wang, S. (2014). A neuro-fuzzy combination model based on singular spectrum analysis for air transport demand forecasting. Journal of Air Transport Management, 39(1), 1-11.
  • Yao, V. W. (2005). The causal linkages between freight and economic fluctuations. International Journal of Transport Economics, 32(2), 143-159.
  • Yılmaz, Ö., & Kaya, V. (2007). İhracat, ithalat ve reel döviz kuru ilişkisi: Türkiye için bir VAR modeli. İktisat İşletme ve Finans, 22(250), 69-84.
  • Ba-Fail, A. O., Abed, S. Y., & Jasimuddin, S. M. (2000). The Determinants of Domestic Air Travel Demand in The Kingdom Of Saudi Arabia. Journal of Air Transportation World Wide, 5(2), 72-86.
  • Baikgaki, O. A., & Daw, O. D. (2013). The Determinants of Domestic Air Passenger Demand in the Republic of South Africa. Mediterranean Journal of Social Sciences, 4(13), 389-396.
  • Baker, D., Merkert, R., & Kamruzzaman, M. (2015). Regional aviation and economic growth: cointegration and causality analysis in Australia. Journal of Transport Geography, 43, 140-150.
  • Bakırcı, M. (2012). Ulaşım coğrafyası açısından Türkiye’de havayolu ulaşımının tarihsel gelişimi ve mevcut yapısı. Marmara Coğrafya Dergisi, 1(25), 340 - 377.
  • Banister, D., & Berechman, Y. (2001). Transport investment and the promotion of economic growth. Journal of transport geography, 9(3), 209-218.
  • Berm´udez, J. D., Segura, J. V., & Vercher, E. (2007). Holt-Winters forecasting: an alternative formulation applied to UK air passenger data. Journal of Applied Statistics, 34(9), 1075-1090.

Havayolu Taşımacılığının Makroekonomik Belirleyicileri: Türkiye Üzerine Bir VAR Analizi

Yıl 2018, Cilt: 17 Sayı: 4, 1536 - 1557, 27.09.2018
https://doi.org/10.21547/jss.391041

Öz

Bu çalışmanın amacı, Türkiye’de havayolu taşımacılığı ile
makroekonomik değişkenler arasındaki ilişkinin 1983-2015 dönemi için VAR
analizi kullanılarak incelenmesidir. Çalışmada, havayolu taşımacılığına ilişkin
üç temel gösterge kullanılmıştır. Bunlar; iç hat yolcu, dış hat yolcu ve dış
hat kargo şeklinde sıralanmaktadır. Çalışma kapsamında, havayolu taşımacılığına
ait göstergeler kullanılarak, bunlarla ilişkili olduğu varsayılan makroekonomik
değişkenlerin dâhil edildiği üç farklı model yaratılmıştır. Birinci modelde iç
hat yolcu talebi ile kişi başına gayrisafi yurtiçi hâsıla (GSYH), faiz oranı ve
tüketici fiyat endeksi (TÜFE) arasındaki ilişki incelenmiştir. İkinci modelde
dış hat yolcu talebi ile gayrisafi yurtiçi hâsıla (GSYH), faiz oranı ve
tüketici fiyat endeksi (TÜFE) arasındaki ilişki ele alınmıştır. Üçüncü modelde
ise, dış hat kargo talebi ile gayrisafi yurtiçi hâsıla (GSYH), dış ticaret
hacmi, sanayi üretim endeksi ve doğrudan yabancı yatırım tutarı arasındaki
ilişki araştırılmıştır. Çalışmanın sonuçları, iç ve dış hat yolcu talebinde
kişi başına gelir, gayrisafi yurtiçi hâsıla ve tüketici fiyat endeksi
değişkenlerinin önemli ölçüde etkili olduğunu göstermektedir. Dış hat kargo
talebinde ise, gayrisafi yurtiçi hâsıla ve sanayi üretim endeksi
değişkenlerinin etkili olduğu gözlemlenmektedir.

Kaynakça

  • Beyzatlar, M. A., M. K., & Yetkiner, H. (2014). Granger-causality between transportation and GDP: A panel data approach. Transportation Research Part A(63), 43–55.
  • Brons, M., Pels, E., Nijkamp, P., & Rietveld, P. (2002). Price elasticities of demand for passenger air travel: a meta-analysis. Journal of Air Transport Management, 8(1), 165–175.
  • Brueckner, J. K. (2003). Airline Traffic and Urban Economic Development. Urban Studies, 40(8), 1455–1469.
  • Button, K., & Yuan, J. (2013). Airfreight Transport and Economic Development: An Examination of Causality. Urban Studies, 50(2), 329–340.
  • Chi, J., & Baek, J. (2013). Dynamic relationship between air transport demand and economic growth in the United States: A new look. Transport Policy(29), 257–260.
  • Doğan, E. M., Akan, Y., & Oktay, E. (2006). Şehirlerarası Ulaşım Talebini Etkileyen Faktörlerin Analizi: Atatürk Üniversitesi Öğrencileri Üzerine Bir Uygulama. Atatürk Üniversitesi Sosyal Bilimler Enstitüsü Dergisi, 7(1), 345-356.
  • Erraitab, E. (2016). An Econometric Analysis Of Air Travel Demand: The Moroccan Case. European Scientific Journal, 12(7), 167-380.
  • Erraitab, E., Hefnaoui, A., & M. M. (2016). A Cointegration Analysis of Air Travel Demand: The Case of International Air Travel Demand between Morocco and European Union. International Journal for Traffic and Transport Engineering, 6(1), 104-120.
  • Fernandes, E., & Pacheco, R. R. (2010). The causal relationship between GDP and domestic air passenger traffic in Brazil. Transportation Planning and Technology, 33(7), 569-581.
  • Fuellhart, K., & O'connor, K. (2013). Air Services at Australian Cities: Change and Inertia 2005–2010. Geographical Research, 51(1), 37-48.
  • Abed, S. Y., Ba-Fail, A. O., & Jasimuddin, S. M. (2001). An econometric analysis of international air travel demand in Saudi Arabia. Journal of Air Transport Management, 143-148.
  • Granèay, M. (2010). The Economic Impacts of Air Transport Liberalization. Zagreb International Review of Economics & Business, 13(2), 73-88.
  • Grubba, H., & Mason, A. (2001). Long lead-time forecasting of UK air passengers by Holt–Winters methods with damped trend. International Journal of Forecasting, 17(1), 71-82.
  • Hakim, M. M., & Merkert, R. (2016). The causal relationship between air transport and economic growth: Empirical evidence from South Asia. Journal of Transport Geography (56), 120–127.
  • Hensher, D. A., Truong, T. P., Mulley, C., & Ellison, R. (2012). Assessing the wider economy impacts of transport infrastructure investment with an illustrative application to the North-West Rail Link project in Sydney, Australia. Journal of Transport Geography, 24(1), 292–305.
  • Hu, Y., Xiao, J., Deng, Y., Xiao, Y., & Wang, S. (2015). Domestic air passenger traffic and economic growth in China: Evidence from heterogeneous panel models. Journal of Air Transport Management (42), 95-100.
  • IATA. (2016). Air Freight Market Analysis-June 2016. The International Air Transport Association (IATA).
  • Ishutkina, M. A., & Hansman, R. J. (2008). Analysis of Interaction between Air Transportation and Economic Activity. The 26th Congress of International Council of the Aeronautical Sciences (ICAS). Alaska.
  • Itoa, H., & Lee, D. (2005). Assessing the impact of the September 11 terrorist attacks on U.S. airline demand. Journal of Economics and Business, 57(1), 75–95.
  • Kasarda, J. D., & Green, J. D. (2005). Air cargo as an economic development engine: A note on opportunities and constraints. Journal of Air Transport Management, 11(1), 459–462.
  • Kiboi, J. W., Katuse, P., & Mosoti, Z. (2017). Macroeconomic Determinants of Demand for Air Passenger Transport Among Selected Airlines. Journal of Business and Strategic Management, 2(3), 101-118.
  • Aderamo, A. J. (2010). Demand for Air Transport in Nigeria. Journal of Economics, 1(1), 23-31.
  • Kopsch, F. (2012). A demand model for domestic air travel in Sweden. Journal of Air Transport Management, 20(1), 46-48.
  • Kulendran, N., & Wilson, K. (2000). Is there a relationship between international trade and international travel? Applied Economics, 32(8), 1001-1009.
  • Kupfer, F., Meersman, H., Onghena, E., & Voorde, E. V. (2009). Air Cargo: The Difference between Success and Failure? European Transport Conference ( 1-31). Association for European Transport and contributors.
  • Lai, S. L., & Lu, W.-L. (2005). Impact analysis of September 11 on air travel demand in the USA. Journal of Air Transport Management, 11(1), 455–458.
  • Marazzo, M., Scherre, R., & Fernandes, E. (2010). Air transport demand and economic growth in Brazil: A time series analysis. Transportation Research Part E (46), 261–269.
  • Ozan, C., Başkan, Ö., Haldenbilen, S., & Ceylan, H. (2014). Yurtiçi hava taşımacılığı talebinin modellenmesi ve senaryolar altında değerlendirilmesi. Pamukkale Üniversitesi Mühendislik Bilimleri Dergisi, 29(9), 319-323.
  • Profillidis, V., & Botzoris, G. (2015). Air passenger transport and economic activity. Journal of Air Transport Management (49), 23-27.
  • Sevüktekin, M., & Çınar, M. (2014). Ekonometrik Zaman Serileri Analizi. DORA Basım-Yayın ve Dağıtım Ltd. Şti.
  • Sivrikaya, O., & Tunç, E. (2013). Demand Forecasting for Domestic Air Transportation in Turkey. The Open Transportation Journal, 7, 20-26.
  • Sofany, A. (2016). The Determinants Of Domestic Air Transport Demand In Ethiopia. Addis Ababa: Addis Ababa University, The Department of Economics.
  • Adrangi, B., Chatrath, A., & Raffiee, K. (2001). The demand for US air transport service: a chaos and nonlinearity investigation. Transportation Research Part E: Logistics and Transportation Review, 37(5), 337-353.
  • Tarı, R. (2012). Ekonometri (8. Baskı b.). Kocaeli: Umuttepe Yayınları.
  • Tsekeris, T. (2009). Dynamic analysis of air travel demand in competitive island markets. Journal of Air Transport Management, 15(1), 267–273.
  • Valdes, V. (2015). Determinants of air travel demand in Middle Income Countries. Journal of Air Transport Management, 42(1), 75-84.
  • Vijver, E. V., Derudder, B., & Witlox, F. (2014). Exploring causality in trade and air passenger travel relationships: the case of Asia-Pacific, 1980–2010. Journal of Transport Geography, 34(1), 142–150.
  • Xiao, Y., Liu, J. J., Hu, Y., Wang, Y., Lai, K. K., & Wang, S. (2014). A neuro-fuzzy combination model based on singular spectrum analysis for air transport demand forecasting. Journal of Air Transport Management, 39(1), 1-11.
  • Yao, V. W. (2005). The causal linkages between freight and economic fluctuations. International Journal of Transport Economics, 32(2), 143-159.
  • Yılmaz, Ö., & Kaya, V. (2007). İhracat, ithalat ve reel döviz kuru ilişkisi: Türkiye için bir VAR modeli. İktisat İşletme ve Finans, 22(250), 69-84.
  • Ba-Fail, A. O., Abed, S. Y., & Jasimuddin, S. M. (2000). The Determinants of Domestic Air Travel Demand in The Kingdom Of Saudi Arabia. Journal of Air Transportation World Wide, 5(2), 72-86.
  • Baikgaki, O. A., & Daw, O. D. (2013). The Determinants of Domestic Air Passenger Demand in the Republic of South Africa. Mediterranean Journal of Social Sciences, 4(13), 389-396.
  • Baker, D., Merkert, R., & Kamruzzaman, M. (2015). Regional aviation and economic growth: cointegration and causality analysis in Australia. Journal of Transport Geography, 43, 140-150.
  • Bakırcı, M. (2012). Ulaşım coğrafyası açısından Türkiye’de havayolu ulaşımının tarihsel gelişimi ve mevcut yapısı. Marmara Coğrafya Dergisi, 1(25), 340 - 377.
  • Banister, D., & Berechman, Y. (2001). Transport investment and the promotion of economic growth. Journal of transport geography, 9(3), 209-218.
  • Berm´udez, J. D., Segura, J. V., & Vercher, E. (2007). Holt-Winters forecasting: an alternative formulation applied to UK air passenger data. Journal of Applied Statistics, 34(9), 1075-1090.
Toplam 46 adet kaynakça vardır.

Ayrıntılar

Birincil Dil İngilizce
Konular İşletme
Bölüm İktisat
Yazarlar

Kasım Kiracı

Ünal Battal Bu kişi benim

Yayımlanma Tarihi 27 Eylül 2018
Gönderilme Tarihi 6 Şubat 2018
Kabul Tarihi 21 Eylül 2018
Yayımlandığı Sayı Yıl 2018 Cilt: 17 Sayı: 4

Kaynak Göster

APA Kiracı, K., & Battal, Ü. (2018). Macroeconomic Determinants of Air Transportation: A VAR Analysis on Turkey. Gaziantep Üniversitesi Sosyal Bilimler Dergisi, 17(4), 1536-1557. https://doi.org/10.21547/jss.391041