LIBERALIZÁCIA SEVEROATLANTICKEJ LETECKEJ DOPRAVY A HOSPODÁRSKA KRÍZA – REGRESNÁ ANALÝZA

• Authors: Grančay Martin

Title variants

EN

Economic crisis and the liberalization of North Atlantic air transport – a regression analysis

• Languages of publication: SK

Abstracts

EN

The goal of the paper is to analyse impacts of the North Atlantic air transport liberalization on passenger flows, using regression analysis. The Open Skies agreement between USA and the EU, in effect since 2008, is currently the highest existing form of intercontinental air transport liberalization and is widely considered to be a vital breakthrough in the 60-year old fight to normalize the industry and subject it to the competitive powers of the market. Positive impacts of the Agreement have been largely outbalanced by the adverse effects of the global economic crisis – the number of North Atlantic passengers decreased by 1,8 million (7.3 per cent) from 2007 to 2009. Using linear regression models we come to the conclusion that had the Open Skies agreement not been signed, the decrease would have been by 3 million annual passengers more dramatic. As a result we claim that liberalization of air transportation has positive impact on the volume of traffic even in the times of crisis.

Keywords

EN

AIR TRANSPORT; NORTH ATLANTIC MARKET; OPEN SKIES; LIBERALIZATION; CRISIS

• Publisher: Institute of Slovak and World Economics and Institute for Forecasting, Slovak Academy of Sciences
• Journal: Ekonomický časopis (Journal of Economics)
• Year: 2012
• Volume: 60
• Issue: 4
• Pages: 406 – 419

Contributors

author

Grančay Martin

• Ekonomická univerzita v Bratislave, Fakulta medzinárodných vzťahov, Katedra medzinárodných ekonomických vzťahov a hospodárskej diplomacie, Dolnozemská cesta 1/b, 852 35 Bratislava, Slovak republic