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Journal of Security and Sustainability Issues

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The Covid-19 Pandemic and the Impact of Passenger air Transport in Europe on Crude Oil Prices in Terms of Economic Security
Volume 13, Issue 1 (2023), pp. 5–16
Szymon Mitkow   Bartosz Kozicki   Patrycja Bryczek-Wróbel   Robert Socha   Anna Ostrowska-Dankiewicz  

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https://doi.org/10.47459/jssi.2023.13.1
Pub. online: 25 November 2022      Type: Article      Open accessOpen Access

Received
15 September 2022
Accepted
17 November 2022
Published
25 November 2022

Abstract

The study presents a multidimensional comparative analysis of two dependent variables: the number of passengers transported by air in 28 European countries and the price of one barrel of crude oil in dollars. The conducted analysis shows that in the historical data concerning the identical periods (months) in both tested series, dependencies can be found. This allowed for the construction of a zero-one multiple regression model in order to confirm the impact of the number of passengers travelling by air on the price of one barrel of crude oil and describe this phenomenon with an analytical function.

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Keywords
Price multiple regression COVID-19 multidimensional comparative analysis economic security

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Generolo Jono Žemaičio Lietuvos karo akademija Šilo g. 5A., LT-10322 Vilnius, el.p: lka@mil.lt

General Jonas Žemaitis Military Academy of Lithuania  Šilo Str. 5A, LT-10322 Vilnius, Lithuania, e-mail: lka@mil.lt

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