Analysis of the Determinant Factors of the Historical Development of Air Transport: An Empirical Application to Turkey
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KünyeKiraci, K. (2018). Analysis of the Determinant Factors of the Historical Development of Air Transport: An Empirical Application to Turkey. Studies in Business and Economics, 13(3), 74-90. doi: 10.2478/sbe-2018-0036
The aim of this study was to empirically examine the development of air transport in Turkey in the period between 1980 and 2015. The study intended, within its scope, to determine the developments experienced in air transport in Turkey and the probable causes of the structural changes. Moreover, it was aimed at highlighting the years in which the structural changes in air transport were realized. In line with this objective, the one-break Zivot Anderews (1992) unit root test, the two-break Clemente-MontatiOs-Reyes (1998) unit root test, and the one-break and two-break LM were applied to the domestic and international air transport data of the 1980-2015 period. The results of the study show that there were substantial economic and political developments both at home and abroad in the years that the significant structural breaks that affect air transport took place.