The response of the U.S. aviation industry to demand and supply shocks in the oil and jet fuel markets
The article disentangles shocks to the global crude oil and U.S. jet fuel markets into demand and supply shocks that underlie both markets, and then examines the effects of these shocks on the U.S. airline industry. I specify a block-recursive structural vector autoregressive (VAR) model that allows...
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| Format: | Article |
| Language: | English |
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Elsevier
2021-09-01
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| Series: | Transportation Research Interdisciplinary Perspectives |
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| Online Access: | http://www.sciencedirect.com/science/article/pii/S2590198221001573 |