Abstract
The paper is devoted to research of the impact of gradual liberalization of aviation market on the country’s air transport industry development and on formation of external economic components of the country's GDP connected to it directly: export and import of air transport services. The study of the relationship between the operation indicators of air transport and formed external economic effects has been conducted using comparative, correlative and regression analysis based on the statistical data of Ukraine, which has its own air transport industry and is on the path of aviation liberalization. A strong dependence of the export of air transport services on the total number of international flights and its passengers was revealed. This determines the feasibility of tracking the external economic effects in the design of changes on directions and means of further development of country's air transport sector.
Highlights
In the recent decades many studies have been conducted to explore the impact of the air transport industry on the world economy and the economic system of the country involved
The growth of the air traffic affects the gross domestic product (GDP) valueand contributes to development of the country’s economy due to liberalization of the air transport taking into account its direct, indirect, induced and catalytic impact
One can determine the external economic effects that a country acquires from its liberalization, while observing the dynamics of components of the international trade in the air transport services, when changing the indicators of air traffic
Summary
In the recent decades many studies have been conducted to explore the impact of the air transport industry on the world economy and the economic system of the country involved. It arises positive externalities to the overall economy by stimulation of growth and employment opportunities, trade promotion and better transport and logistics services [15] These impacts are not uniform across countries. The financial performance of aviation companies directly depends on the volume characteristics of aviation traffic [19] This situation leads to their shift from the market and dominance of the world low-cost leaders [14,15, 18, 20]. The issue of determining the impact of further liberalization on development of a certain national economy and its air transport industry remains unresolved This is a research from the economical point of view and from the perspective of searching for effectiveness and the optimal decision making while aviation market liberalizing. The example given is the nation of Ukraine, which has its own air transport industry and is on the path of aviation liberalization
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