TÜRKİYE’DE HAVAYOLU TAŞIMACILIĞI İLE EKONOMİK BÜYÜME ARASINDAKİ İLİŞKİNİN YAPISAL KIRILMALI EKONOMETRİK YÖNTEM YAKLAŞIMIYLA İNCELENMESİ

Abstract

The aim of this study is to analyze the relationship between air transport and economic growth for Turkey. The research was carried out using annual data for the period 1960-2019. In the analysis, passenger and freight transport data were used to represent air transport. In the empirical analysis, Hatemi-J (2008) Double Break Co-integration test was used. According to the result of the cointegration analysis, it was concluded that air transport and economic growth are cointegrated, that is, they act together in the long run. Finally, the long-term coefficients were interpreted using the FMOLS (Full Modified Ordinary Least Square) estimator in the study. According to the estimation result, a 1% increase in the number of passengers increases economic growth by 0.249%, and a 1% increase in freight transport increases economic growth by 0.440%.