Air transport in Russia and its impact on the economy
The importance of air transport for the Russian economy by comparing the cash production of airlines and airports with the gross domestic product. Comparison of the main role of this sector in Russia with the role of this sector in other countries.
| Рубрика | Экономика и экономическая теория |
| Вид | статья |
| Язык | английский |
| Дата добавления | 05.10.2020 |
| Размер файла | 179,6 K |
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The growth of air traffic can be forced by significant events in the country, such as the 2013 G20 Saint Petersburg Summit, the 2013 Summer Universiade, the 2014 Winter Olympics, the 2017 FIFA Confederations Cup, the 2018 FIFA World Cup, and others. For example, 1.2 million people visited sporting events in Sochi during the 2014 Winter Olympics and a part of them used air transport in order to get to or from the city. There could be a more detailed research about the relationship between sport or political events in the country and air passenger traffic.
The aviation sector in Russia faces strong competition with rail transport because it is second longest in the world and it is assumed to be cheaper not only for passengers and more, for cargo shipments. The evidence of it is cargo and mail shipments in Russia. Russian railways shipped 1329 million tonnes of cargo in 2015. During the same period of time, air transport shipped 1.2 million tonnes. As for the number of passengers, the same difference is obvious: rail transport: 1025 million passengers, air transport: 94 million passengers [43]. What can be inferred from it is the fact that air transport can barely be called a competitor to rail transport and it is unlikely that in the foreseeable future it will be able to achieve the same results as railways.
This article can be a basis for the following research. One of the ways of using information from this paper could be theoretical. Since the paper studies the economic impact of air transport in Russia over eleven years, it is possible to define which factors were a driving force behind changes of aviation monetary influence on the economy in different periods of time. On the basis of the data from this research and with the help of econometric models, the factors could be estimated and used practically for adjusting governmental policies in the aviation sphere. The assumption could be that, if to stimulate competition in airline market, there will be a dramatic increase in the Gross Value Added of the aviation sector. What else could be done is studying the correlation between passenger or cargo turnover and monetary output from the aviation sector. These are not the only possible directions of future research and the rest of them can be defined by authors on their own.
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