Title: The determinants of air transport passenger demand of the Chinese and Taiwan aviation markets from Lisbon International Airport: an empirical modelling analysis
Authors: José Manuel Vicente; Felipa Lopes Dos Reis
Addresses: Escola de Ciências Económicas e das Organizações, Lusófona University, Campo Grande 376, 1749-024 Lisboa, Portugal ' Escola de Ciências Económicas e das Organizações, Lusófona University, Campo Grande 376, 1749-024 Lisboa, Portugal
Abstract: The aim of this article is to investigate the factors that enhance the development of new air routes, in order to expand the airport network, namely, to the Chinese and Taiwanese markets, from the Lisbon International Airport, from 2002 to 2009. An essay was designed to illustrate some potentialities of the use of concepts and methodologies related to statistical models in aeronautical management applications. We used two gravitational models comparatively, using panel data, pooled OLS estimation methods, fixed effects, and random effects, and the application of the circuit level analysis method on air routes from Brazil to Hong Kong via Lisbon. Statistical results have shown that the most important determinants of passenger demand for the Chinese and Taiwanese markets from Lisbon International Airport are gross domestic product, population, business factor and y2008 (calendar year 2008).
Keywords: panel data; Lisbon; passengers demand; circuit level.
International Journal of Business Excellence, 2022 Vol.27 No.3, pp.410 - 427
Received: 08 Nov 2019
Accepted: 09 Jan 2020
Published online: 28 Jul 2022 *