Abstract
The relationship between direct flights has attracted attention in the literature. Case in point Turkish Airlines opened many new routes between the years 1998 and 2015. In this paper, we investigated impact of airline flight on export. To achieve this, using 51 first time destinations of Turkish Airlines, which opened 145 new destinations between 1998 and 2015, impact of direct flight on exports is analyzed by controlling bilateral real exchange rates and GDP with a panel data method accounting for endogeneity (using Arnello Bond method) between direct international flights and exports. Results suggest each additional first time direct flight increases the exports to those destinations by 12.7 %.
References
- AD Cristea. (2011). Buyer-seller relationships in international trade: Evidence from US States' exports and business-class travel, Journal of International Economics, Volume:84 Issue:2 Elsevier.
- Alderighi, M. and Gaggero, A. (2012) . Do non-stop flights boost exports?, mimeo.
- Arellano, M. ve S. Bond (1991). Some Tests of Specification for Panel Data: Monte Carlo Evidence and an Application to Employment Equations, Review of Economic Studies, 58, 277–97.
- Frankel J. (1997). Regional trading blocs in the world economic system, Institute for International Economics.
- Klaassen F. (2004). Why is it so difficult to find an effect of exchange rate risk on trade?, Journal of International Money and Finance, vol.23(5), pp. 817-839.
- Kulendran N. and K. Wilson (2000) “Is there a relationship between international trade and international travel?”, Applied Economics, vol.32, pp. 1001-1009.
- Obstfeld M. and K. Rogoff (1996). Foundations of International Macro- economics, Cambridge MIT Press.
Abstract
Direkt uçuşların dış ticarete ihracat etkisi yazında araştırılan bir konudur. THY 1998 -2015 yılları arasında hızlı bir şekilde büyürken Türk ekonomisi ihracatı da hızlı bir şekilde artmıştır. Bu çalışmada hava yolu taşımacılığının ihracat üzerindeki etkisi araştırılmıştır. Bu bağlamda THY’nin yeni direkt hatlarının Türk ekonomisinin ihracat artışına etkisini araştırdık. Özetle, THY’nin 1998-2015 seneleri arasında açtığı 145 direkt uluslararası uçuş seferleri arasından 51 ülkeye olan ilk doğrudan seferlerin, o ülkeye olan ihracata etkisi, ülkelerin GSMH, ikili reel kur oranları kontrol edilmek suretiyle ve panel veri metodu kullanılarak incelenmiştir. Makalenin sonuçlar göre açılan her yeni hattın, ihracat ve uçak seferleri arasındaki muhtemel içsellikler (Arnello Bond yöntemi) kullanılarak dikkate alındığında o ülkeye olan ihracatı yüzde 12.7 artırmaktadır
Keywords
References
- AD Cristea. (2011). Buyer-seller relationships in international trade: Evidence from US States' exports and business-class travel, Journal of International Economics, Volume:84 Issue:2 Elsevier.
- Alderighi, M. and Gaggero, A. (2012) . Do non-stop flights boost exports?, mimeo.
- Arellano, M. ve S. Bond (1991). Some Tests of Specification for Panel Data: Monte Carlo Evidence and an Application to Employment Equations, Review of Economic Studies, 58, 277–97.
- Frankel J. (1997). Regional trading blocs in the world economic system, Institute for International Economics.
- Klaassen F. (2004). Why is it so difficult to find an effect of exchange rate risk on trade?, Journal of International Money and Finance, vol.23(5), pp. 817-839.
- Kulendran N. and K. Wilson (2000) “Is there a relationship between international trade and international travel?”, Applied Economics, vol.32, pp. 1001-1009.
- Obstfeld M. and K. Rogoff (1996). Foundations of International Macro- economics, Cambridge MIT Press.
Details
| Primary Language | English |
|---|---|
| Subjects | Economics |
| Journal Section | Articles |
| Authors | |
| Publication Date | September 30, 2019 |
| Published in Issue | Year 2019 |