Izvorni znanstveni članak
NORTH ATLANTIC CIVIL AVIATION: LIBERALIZATION VS. CRISIS – A REGRESSION ANALYSIS
Martin Grančay
Sažetak
In 2007, the European Commission and US government
signed an agreement liberalizing international
air transportation between the two continents. It
was expected to increase the annual number of passengers
by up to 11 million and generate more than
5 billion EUR in consumer surplus. However, in 2008
the market was struck by global economic crisis. We
use regression analysis to distinguish between positive
impacts of liberalization and negative impacts
of the crisis. We come to the conclusion that had the
market not been reinforced by liberalization, annual
transatlantic traffic would have shrunk at a pace 3-7
million passengers faster. The results are a clear indication
that if European and US airlines want to remain
competitive in the coming era of Asian dominance,
further liberalization efforts have to be undertaken.
Ključne riječi
air transportation; economic crisis; North-Atlantic market; open skies
Hrčak ID:
113965
URI
Datum izdavanja:
1.12.2013.
Posjeta: 1.674 *