Persistence of airline accidents
Bibliographic Data
| ID | 3897622 |
|---|---|
| Authors | Carlos Pestana Barros (0000-0002-5863-2874, University of Lisbon), João Ricardo Faria, Jo Ão Ricardo Faria (0000-0001-6484-3566), Luis Alberiko Gil‐alana, Luis A Gil-Alana (0000-0002-5760-3123, Universidad de Navarra) |
| Year | 2010 |
| Volume | 34 |
| Issue | 4 |
| Pages | 1123-1138 |
| Publication date | 2010-10-01 |
| Open Access | Yes |
| Type | ARTICLE |
| Venue | Disasters (JOURNAL) |
| Journal identifiers | ISSN: 0361-3666 • E-ISSN: 1467-7717 |
| Publisher | Wiley (PUBLISHER • GB) |
| DOI | 10.1111/j.1467-7717.2010.01186.x |
| PMID | 20618386 |
| OpenAlex | W1974304086 |
| Language | EN |
| References cited | 27 |
This paper expands on air travel accident research by examining the relationship between air travel accidents and airline traffic or volume in the period from 1927-2006. The theoretical model is based on a representative airline company that aims to maximise its profits, and it utilises a fractional integration approach in order to determine whether there is a persistent pattern over time with respect to air accidents and air traffic. Furthermore, the paper analyses how airline accidents are related to traffic using a fractional cointegration approach. It finds that airline accidents are persistent and that a (non-stationary) fractional cointegration relationship exists between total airline accidents and airline passengers, airline miles and airline revenues, with shocks that affect the long-run equilibrium disappearing in the very long term. Moreover, this relation is negative, which might be due to the fact that air travel is becoming safer and there is greater competition in the airline industry. Policy implications are derived for countering accident events, based on competition and regulation
Air traffic control · Air travel · Aviation · Business · Cointegration · Competition (biology · Econometrics · Economics · Order (exchange · Revenue · Transport engineering · Aviation Industry Analysis and Trends · Engineering · Insurance and Financial Risk Management · Occupational Health and Safety Research · Finance
| Highly cited | No |
|---|