PRODUCTIVITY ANALYSIS OF PUBLIC AND PRIVATE AIRPORTS: A CAUSAL INVESTIGATION

The primary purpose of this paper is to investigate the operational and financial efficiencies of 22 major airports in the US and Europe. Total factor productivity (TFP) model was utilized to measure airport performance in terms of financial and operational efficiencies and to develop a benchmarking...

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Bibliographic Details
Published in:Journal of air transportation 2006-09, Vol.11 (3), p.144
Main Authors: Vasigh, Bijan, Gorjidooz, Javad
Format: Article
Language:English
Subjects:
Air transportation industry
Air travel
Airline industry
Airlines
Airport expansion
Airports
Aviation
Business metrics
Causality
Customer services
Efficiency
Government
Passengers
Privatization
Productivity
Productivity measurement
Studies
Transportation industry
Trends
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Summary:The primary purpose of this paper is to investigate the operational and financial efficiencies of 22 major airports in the US and Europe. Total factor productivity (TFP) model was utilized to measure airport performance in terms of financial and operational efficiencies and to develop a benchmarking tool to identify the areas of strength and weakness. A regression model was then employed to measure the relationship between TFP and ownership structure. Finally a Granger causality test was performed to determine whether ownership structure is a Granger cause of TFP. The results of the analysis presented in this paper demonstrate that there is not a significant relationship between airport TFP and ownership structure. Airport productivity and efficiency is, however, dependent upon the level of competition, choice of the market, and regulatory control.
ISSN:1544-6980