ANALYSIS OF AIR PASSENGER DEMAND TRENDS AND GDP ELASTICITY IN SELECTED EU COUNTRIES
Abstract
This paper examines air passenger demand trends in six countries of the European Union, i.e. Austria, Czech Republic, Germany, Italy, Poland and Slovakia. Data collected from 2004 to 2017, with reference to air passenger arrivals and departures as well as Gross Domestic Product (GDP) in the sample of countries under consideration, show different traffic trend curves, economic background and elasticity.
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