Table 4. Analysis results for number of passengers between South Korea and China/Japan

	Number of air passengers
Variable	OLS	FE
ln_gdp	(+)	(-)*
ln_pergdp	(-)	(+)*
ln_kgdp	(-)	(-)**
ln_kpergdp	(+)	(+)**
ln_exchanges	(+)***	(+)
ln_oil	(+)	(+)*

Note: are significant results at 10%, 5%, 1% significance level, respectively.