Exploring Relations Between New Institutional Economics and International Business: Addressing the Air Transport Industry

Abstract

This study explores how the literature regarding internationalization of airline industry and New Institutional Economics (NIE) interconnect. Through a computational bibliometric analysis, an initial sample of 967 articles contemplating research between 1970 and 2018 is investigated to check appearance of terms related to NIE and, ultimately, to obtain a comparison between the evolution of NIE reasoning and its impact on the air transport industry internationalization literature. Four main research questions are proposed and results may clarify the extent to which airline internationalization has been under discussion with regards to institutional environments, hybrid forms of organization and governance.

Keywords: airline, internationalization, new institutional economics

JEL Classification: L93, F23