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The income elasticity of air travel: a meta-analysis

journal contribution
posted on 2014-11-01, 00:00 authored by C A Gallet, Chris DoucouliagosChris Doucouliagos
There is much disparity in estimates of the income elasticity of air travel across the literature. We examine this disparity by applying meta-regression techniques. Controlling for several issues, including publication selection bias, while our preferred baseline income elasticity estimate of 1.186 is consistent with air travel being a luxury and a slightly immature market, there are several features of the literature which sway the income elasticity away from this baseline. For instance, the income elasticity increases to 1.546 on international routes, yet decreases to 0.633 when air fare is included in a dynamic specification of demand, ceteris paribus. Other characteristics of the literature, such as those involving various data and estimation choices, have less influence on the reported income elasticity.

History

Journal

Annals of Tourism Research

Volume

49

Pagination

141 - 155

Publisher

Pergamon Press

Location

Oxford, Eng.

Place of publication

Oxford, Eng.

ISSN

0160-7383

eISSN

1873-7722

Language

eng

Publication classification

CN.1 Other journal article

Copyright notice

2014, The Authors

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