Publicação
Improving the air connectivity of hub airports : an instrument to boost the economic performance of EU countries?
| Resumo: | This study discusses the importance of hub airports' air connectivity in improving the economic performance of the EU countries during the period of 2008-2019. Two different measurements of air connectivity are used, namely airport and hub connectivity, which are calculated using the Nestcan Model. As a first step, we analyse the degree of linear association of each measurement with gross domestic product (GDP) and with a set of economic variables (hereafter designated as EVs) which, according to the literature, are expected to be positively determined by air connectivity and tend to boost countries' economic performance. These EVs are: infows and outfows of foreign direct investment imports, exports, and international tourism expenditures. We conclude that the type of air connectivity that is adopted matters, as hub connectivity has a greater correlation with key variables for economic growth and is increasingly correlated with GDP during the period under analysis, while a downward trend over the more recent years was observed for airport connectivity. As a second step, we test the strength and direction of the quantitative relationship between hub connectivity and GDP/each EV for a sample of EU countries which have a hub connectivity level of at least 5% of the TOP hub-connected EU country (Germany). Finally, we extract conclusions for individual countries, with the help of scatter diagrams and regression lines . |
|---|---|
| Autores principais: | Castro, Maria Inês |
| Outros Autores: | Fontoura; Maria Paula |
| Assunto: | Air Connectivity Airport Connectivity Hub Connectivity Foreign Direct Investment (FDI) International Trade Conectividade aérea Conectividade aeroportuária Investimento direto estrangeiro comércio internacional |
| Ano: | 2022 |
| País: | Portugal |
| Tipo de documento: | artigo |
| Tipo de acesso: | acesso aberto |
| Instituição associada: | Universidade de Lisboa |
| Idioma: | inglês |
| Origem: | Repositório da Universidade de Lisboa |
| Resumo: | This study discusses the importance of hub airports' air connectivity in improving the economic performance of the EU countries during the period of 2008-2019. Two different measurements of air connectivity are used, namely airport and hub connectivity, which are calculated using the Nestcan Model. As a first step, we analyse the degree of linear association of each measurement with gross domestic product (GDP) and with a set of economic variables (hereafter designated as EVs) which, according to the literature, are expected to be positively determined by air connectivity and tend to boost countries' economic performance. These EVs are: infows and outfows of foreign direct investment imports, exports, and international tourism expenditures. We conclude that the type of air connectivity that is adopted matters, as hub connectivity has a greater correlation with key variables for economic growth and is increasingly correlated with GDP during the period under analysis, while a downward trend over the more recent years was observed for airport connectivity. As a second step, we test the strength and direction of the quantitative relationship between hub connectivity and GDP/each EV for a sample of EU countries which have a hub connectivity level of at least 5% of the TOP hub-connected EU country (Germany). Finally, we extract conclusions for individual countries, with the help of scatter diagrams and regression lines . |
|---|