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Productivity Analysis of Public and Private Airports: A Causal InvestigationAround the world, airports are being viewed as enterprises, rather than public services, which are expected to be managed efficiently and provide passengers with courteous customer services. Governments are, increasingly, turning to the private sectors for their efficiency in managing the operation, financing, and development, as well as providing security for airports. Operational and financial performance evaluation has become increasingly important to airport operators due to recent trends in airport privatization. Assessing performance allows the airport operators to plan for human resources and capital investment as efficiently as possible. Productivity measurements may be used as comparisons and guidelines in strategic planning, in the internal analysis of operational efficiency and effectiveness, and in assessing the competitive position of an airport in transportation industry. The primary purpose of this paper is to investigate the operational and financial efficiencies of 22 major airports in the United States and Europe. These airports are divided into three groups based on private ownership (7 British Airport Authority airports), public ownership (8 major United States airports), and a mix of private and public ownership (7 major European Union airports. The detail ownership structures of these airports are presented in Appendix A. 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.
Document ID
20070022529
Acquisition Source
Goddard Space Flight Center
Document Type
Reprint (Version printed in journal)
Authors
Vasigh, Bijan (Embry-Riddle Aeronautical Univ. Daytona Beach, FL, United States)
Gorjidooz, Javad (Embry-Riddle Aeronautical Univ. Prescott, AZ, United States)
Date Acquired
August 23, 2013
Publication Date
January 1, 2007
Publication Information
Publication: Journal of Air Transportation, Volume 11, No. 3
Subject Category
Air Transportation And Safety
Distribution Limits
Public
Copyright
Public Use Permitted.

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IDRelationTitle20070022527Collected WorksJournal of Air Transportation, Volume 11, No. 3
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