We compare the management discussion and analysis sections (MD&As) of 1) Korean and Chinese airlines in their home countries, with different MD&A regulations; 2) a Chinese airline dual-listed in both the Chinese and U.S. markets, with different levels of information disclosure discretion; and 3)...

This policy paper explores airline restructuring and regulatory reform challenges and opportunities in the Southern African region with particular focus on Botswana, Eswatini, Lesotho, Namibia and South Africa. Prior to the COVID-19 pandemic crisis, the air transport sector in the region faced...

The COVID-19 outbreak dealt a severe blow to the global economy, especially to the airline industry, due to worldwide lockdown measures implemented by the authorities. This paper aims to investigate the impact of the COVID-19 pandemic on the airline stock performance of seven markets in Asia and...

In the light of finite oil reserves, Persian Gulf oil-exporting economies have recently undertaken major investments in their domestic travel and tourism industries. Building on the Bayesian SVAR model of the global oil market in Baumeister and Hamilton (2019), we investigate the conditional...

According to Nobel Laureate Edmund Phelps (2013, p. 123), Mises’s critique of economic calculation under socialism renders him the originator of the economic analysis of property rights. This paper also suggests that implicit to Mises’s impossibility theorem was also the origins of the...

This study examines the relationship between Turkey's airline markets, which responded to local economic shocks, and the USA and Europe airlines market using daily closing stock price data from January 2016 to June 2022. All the variables are non-stationary at level but stationary at first...