Please use this identifier to cite or link to this item: http://hdl.handle.net/10397/11740
Title: The implications of the re-establishment of direct links across the Taiwan Strait on the aviation industries in Greater China
Authors: Lau, YY
Lei, Z
Fu, X
Ng, AKY
Keywords: Air transport liberalization
China
Direct aviation links
Hong Kong and Taiwan
Issue Date: 2012
Source: Research in transportation economics, 2012, v. 35, no. 1, p. 3-12 How to cite?
Journal: Research in Transportation Economics 
Abstract: This paper investigates the economic implications of the liberalization of air transportation across the Taiwan Strait to the region's aviation industries. Our analysis suggests that (1) liberalization has brought substantial benefits to airports and airlines in Mainland China and Taiwan. Negative impacts to Hong Kong are largely compensated by traffic increase in routes linking Mainland China. (2) In general, Taiwanese airports and airlines have benefited more from liberalization compared to airports and airlines on the mainland and Hong Kong. Such asymmetric effect is due to the larger size of the Mainland Chinese aviation market, which allows Taiwanese airlines to exploit network-related benefits. (3) Our investigation suggests that foreign hub carriers and medium sized Chinese airports will benefit most from China's future liberalizations.
URI: http://hdl.handle.net/10397/11740
ISSN: 0739-8859
DOI: 10.1016/j.retrec.2011.11.007
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