How A Country Moves Forward

Discussion in 'Economics' started by libertad, Jun 11, 2008.

  1. Air travel—and hence airports—will see the fastest growth in demand, because it is by far the most sensitive to income: a 1% increase in income per person leads to a 1.4% increase in the number of passengers travelling by air. The number of air passengers could jump by more than 350% in China and by 200% in India over the next decade.


    Too simple. These numbers (increase in income = increase in air travel) are based on what? A US theory/model? Where exactly will these people be traveling to?