Chi, Junwook; Baek, Jungho - In: Transportation Research Part E: Logistics and … 48 (2012) 4, pp. 755-761
This study examines the short- and long-run effects of various determinants on the demand for US air passenger-services using the Johansen cointegration analysis and a vector error-correction (VEC) model. Results show that, in the long-run, airfare, disposable income and NASDAQ have significant...