Air Cargo Competitiveness and Economic Performance of Asia-Pacific Countries
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This study explores the relationship between dimensions of air cargo competitiveness in terms of airport physical infrastructure, connectivity and liberalization policy and the economic performances of Asia-Pacific countries. Runway length, terminal area size, aircraft movements, number of airlines in operation, connectivity, air transport liberalization, and air cargo volume of thirteen major airports in the region between 2010 - 2017 were analyzed with respect to GDP, GDP per capita, and GDP growth. Results from panel data analysis (with random effects) indicate that aircraft movements and the number of airlines are significant factors that positively impact the competitiveness in air cargo. In addition, the higher the level of openness to air transport, as represented by the number of agreements in air transport liberalization, the higher the tendency for each country’s airport to accommodate more inflow and outflow of air cargo volume. Lastly, there is also evidence of a positive relationship between air cargo volume and GDP. As the Asia-Pacific is one the busiest trading regions in the world, the results provide some insights and recommendations for policy makers.
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