MACROECONOMIC DETERMINANTS OF AIR CARGO DEMAND: A PANEL DATA ANALYSIS
Abstract
The main purpose of the study is to determine macroeconomic factors affecting air cargo demand. The dependent variable of the study is FTK, and GDP, IMP, EXP and INF variables are independent variables. Thirteen countries with the highest air cargo capacity in the world between 1980 and 2018 were included in the study. In the application part of the study, analyzes were performed using the panel data analysis method. As a result of the panel data analysis method, it has been determined that there are significant relationships between economic growth indicator (GDP) and inflation variables and air cargo demand. While the GDP variable affects the air cargo demand positively, the inflation variable affects the negatively. It is determined that import and export variables are not related to air cargo demand.
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