The Effects of Air Transportation and Exports on Economic Growth in Türkiye
DOI:
https://doi.org/10.63556/ankad.v9i3.246Keywords:
Economic growth, Air transportation, Vector Error Correction Model (VECM), ExportAbstract
Analyzing the effects of air transportation and exports on economic growth is critically important for the development of economic policies in developing countries such as Türkiye. This study aims to investigate the impact of air transportation and exports on economic growth in Türkiye. Using annual data from 1987 to 2021, the analysis employs a Vector Error Correction Model (VECM) to reveal the dynamic relationships among the variables. By separately examining the interactions between air transportation, exports, and economic growth, the study seeks to elucidate the contributions of these two factors to economic growth. The findings indicate that, in the long run, air transportation has no statistically significant effect on economic growth, whereas the export of goods and services has a positive influence on economic growth. In the short run, the results show that air transportation has a negative effect on economic growth. Additionally, it is found that the first and second lagged values of economic growth have a positive impact on current growth, while the second lagged value of air transportation is negative and significant. The lagged values of exports, both first and second, have no significant effect on economic growth in the short run. Based on these findings, it is suggested that, to support Türkiye’s economic growth, exports should be promoted and air transportation should be better aligned with the country’s economic dynamics.
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