Measuring and explaining airport efficiency and sustainability: Evidence from Italy
| Autor: | Paolo Coccorese, Fabio Carlucci, Andrea Cirà |
|---|---|
| Jazyk: | angličtina |
| Rok vydání: | 2018 |
| Předmět: |
DEA method
media_common.quotation_subject Geography Planning and Development TJ807-830 Context (language use) ComputerApplications_COMPUTERSINOTHERSYSTEMS 010501 environmental sciences Management Monitoring Policy and Law Air transport sustainability TD194-195 01 natural sciences Renewable energy sources Scarcity Deregulation Market mechanism 0502 economics and business Data envelopment analysis GE1-350 Airports efficiency 0105 earth and related environmental sciences media_common 050210 logistics & transportation Environmental effects of industries and plants Renewable Energy Sustainability and the Environment 05 social sciences Environmental economics Environmental sciences Incentive Italy air transport sustainability airports efficiency Sustainability Cash flow Business Air transport sustainability Airports efficiency DEA method Italy |
| Zdroj: | Sustainability; Volume 10; Issue 2; Pages: 400 Sustainability, Vol 10, Iss 2, p 400 (2018) |
| Popis: | 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. |
| Databáze: | OpenAIRE |
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