Privatization, corporatization, ownership forms and their effects on the performance of the world's major airports

Oum, Tae Hoon; Adler, Nicole; Yu, Chunyan

doi:10.1016/j.jairtraman.2005.11.003

Cited by 218 publications

(148 citation statements)

References 25 publications

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“…These superior qualitative differences give rise to higher rates for integrated services [16]. Over shorter distances, air transport faces stiff competition from surface modes and from combined road and sea services.…”

Section: Resultsmentioning

confidence: 99%

Air Freight and Logistics Services

Kiso¹,

Deljanin²

2012

PROMET

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Section: Resultsmentioning

confidence: 99%

Air Freight and Logistics Services

Kiso¹,

Deljanin²

2012

PROMET

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“…Previous research shows that airport characteristics (hub status, traffic structure, outsourcing policies, regulatory procedures, ownership structure) may all contribute to airport efficiency [53]. Regarding the econometric approach to the second stage (i.e., after estimating efficiency), past airport studies have employed simple ordinary least squares, Tobit regressions and truncated regressions [30].…”

Section: Studies On the Determinants Of Airport Efficiencymentioning

confidence: 99%

Measuring and Explaining Airport Efficiency and Sustainability: Evidence from Italy

2018

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Abstract:From an environmental point of view, it is widely recognized in economic literature that an efficient management of regional airports produces positive effects both for congestion reduction in the larger airports and for better use of existing infrastructures. Regional airports generally suffer from economic vulnerabilities because of scarcity of traffic volume; besides, their small catchment areas often determine low cash flow levels. As a result, significant problems of economic sustainability arise. In this context, airport infrastructure providers have the incentive to hide failures in their strategic decisions, justifying the low share of cost recovery through market characteristics. By means of the DEA (Data Envelopment Analysis) method this paper analyses overall technical, pure technical, and scale efficiency of 34 Italian airports in the period 2006-2016 in order to investigate how a number of factors impact on the efficiency and economic sustainability of regional airports. Our findings reveal that airport size, presence of low-cost carriers and cargo traffic have a significant influence on the technical and scale efficiency of Italian airports. In other words, air transport privatization and deregulation can positively affect regional airport efficiency and sustainability. This is to say that the market mechanism is a useful tool in achieving regional airport sustainability even if the empirical analysis of the effects of privatization and deregulation is recommended for evaluating such political programs.

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“…In (admittedly overly) general terms, before the mid-1980s airports tended to be government-owned, and primarily (or merely) seen as "logistic medium" to serve regional and/or macroeconomic development. From the mid-1980s on, however, the neoliberal 'logic' of privatization and commercialization has forced airports to function as "multipoint serviceprovider firms" 1 (Jarach, 2001) which focus on maximizing profitability by improving productive efficiency and competitiveness (Oum et al, 2006). Although this shift has been varied in its concrete operationalization, and has unfolded very unevenly in space and time, it seems fair to state that this is an overarching shift that has led airports to get more proactively involved as an actor in the air transport business by seeking interactions with the other key participants or 'actors' in air transport networks: carriers, passengers and other airports.…”

Section: Air Transport Network As 'Social Network'?mentioning

confidence: 99%

Dynamics in the European Air Transport Network, 2003–9: An Explanatory Framework Drawing on Stochastic Actor-Based Modeling

Zhang¹,

Derudder²,

Witlox³

2015

Netw Spat Econ

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In this paper, we outline and test an explanatory framework drawing on stochastic actor-based modeling to understand changes in the outline of European air transport networks between 2003 and 2009. Stochastic actor-based models show their capabilities to estimate and test the effect of exogenous and endogenous drivers on network changes in this application to the air transport network. Our results reveal that endogenous structural effects, such as transitivity triads, indirect relations and betweenness effects impact the development of the European air transport network in the period under investigation. In addition, exogenous nodal and dyadic covariates also play a role, with above all the enlargement of the European Common Aviation Area having benefitted its new members to open more air routes between them. The emergence of major low-cost airline-focused airports also significantly contributed to these changes. We conclude by outlining some avenues for further research.

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Privatization, corporatization, ownership forms and their effects on the performance of the world's major airports

Cited by 218 publications

References 25 publications

Air Freight and Logistics Services

Air Freight and Logistics Services

Measuring and Explaining Airport Efficiency and Sustainability: Evidence from Italy

Dynamics in the European Air Transport Network, 2003–9: An Explanatory Framework Drawing on Stochastic Actor-Based Modeling

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