China Civil Aviation Domestic Passenger Transport Demand Price Elasticity Research
Xiaoqun Li
Abstract
Xiaoqun Li
Abstract
According to the purpose of travel,flight distance,disposable income of urban resident and seasonality to build a conceptual model of passenger classification.And based on the economic theory and econometric methods,the author establishes the domestic aviation passenger demand function and then using China airlines data in 2006 to estimate the coefficient of elasticity and study the various factors mentioned above on the impact of civil aviation market situation in China.Studies have shown that the disposable income of urban residents is the most important impact on domestic aviation passenger demand,the prices have very different effects on different categories of passengers.Demand elasticity of leisure travelers is greater than the overall market.Applying economics and econometrics to China′s civil aviation passenger market research,and the quantitative analysis of China′s civil aviation passenger demand behavioral characteristics are the innovation features of this paper.
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According to the purpose of travel,flight distance,disposable income of urban resident and seasonality to build a conceptual model of passenger classification.And based on the economic theory and econometric methods,the author establishes the domestic aviation passenger demand function and then using China airlines data in 2006 to estimate the coefficient of elasticity and study the various factors mentioned above on the impact of civil aviation market situation in China.Studies have shown that the disposable income of urban residents is the most important impact on domestic aviation passenger demand,the prices have very different effects on different categories of passengers.Demand elasticity of leisure travelers is greater than the overall market.Applying economics and econometrics to China′s civil aviation passenger market research,and the quantitative analysis of China′s civil aviation passenger demand behavioral characteristics are the innovation features of this paper.
Key concepts: Civil aviation, China, Aviation, Price elasticity of demand, Econometric model, Econometric analysis, Economics, Supply and demand