Socio-economic Impact of Air Transport in Small Island States: An Evaluation of Liberalisation Gains for the Caribbean Community (Caricom)

As the primary output of the air transport sector, the flow of air passengers plays an important role in the economic and social welfare of nations, while the sector’s regulatory framework represents the main vehicle through which government can exert a given level of influence over the provision of such services. This research modifies and applies existing macroeconomic impact theory to the Caribbean Community (Caricom), before developing an improved method by which to evaluate the supply and demand effects of further air policy liberalisation in the region