Economics, Econometrics and Finance
8 years ago

Brazilian economic growth drives demand for air travel, impacting infrastructure and prices.

Journal of Transport Literature
Demand for air travel in the Brazilian economy: a co-integration analysis
Patrick Franco Alves, Gustavo Varela Alvarenga, Carlos Henrique Rocha

Paper Summary

The demand for air travel in Brazil is influenced by economic factors like GDP and fuel prices. The study looked at airlines TAM, Gol, and WebJet to see how their ticket prices and macroeconomic indicators are related. The results show that economic growth affects airport capacity, but ticket prices have less impact due to the dominance of business travelers in Brazilian air transportation.

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