Koo, Tay T.R.; Tan, David T.; Duval, David Timothy - In: Journal of Air Transport Management 28 (2013) C, pp. 14-19
The goal of this paper is to impose a cause–effect structure into the relation between tourism demand and air transport capacity. Specifically, we apply a vector error-correction model to assess if, and to what extent, capacity or passenger demand are first-movers that return to long-run...