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Measuring total factor productivity of airports-- an index number approach

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  • Hooper, P.G
  • Hensher, D.A
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    Abstract

    There is an increasing trend towards corporatisation and privatisation of airports in an effort to improve performance. However, the normal financial reporting requirements associated with these forms of organisation are not sufficient indicators of the performance of airports since profitability can be more a function of the exercise of market power than a sign of productive efficiency. Also, there are concerns that efforts to regulate the prices charged by airports can result in under-investment and declining service standards. This makes it important to monitor the cost-efficiency, cost-effectiveness and service-effectiveness of airports. There is a growing literature on these topics, but so far there has been little attempt to apply the concepts of total factor productivity to the airport sector. We use a non-parametric index number method to illustrate how such a global measure can be used to investigate the role of disaggregated performance measures that often are very useful to managers and to those monitoring airport operations.

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    Bibliographic Info

    Article provided by Elsevier in its journal Transportation Research Part E: Logistics and Transportation Review.

    Volume (Year): 33 (1997)
    Issue (Month): 4 (December)
    Pages: 249-259

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    Handle: RePEc:eee:transe:v:33:y:1997:i:4:p:249-259

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    Web page: http://www.elsevier.com/wps/find/journaldescription.cws_home/600244/description#description

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    Related research

    Keywords: airport performance measures total factor productivity;

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    Cited by:
    1. Oum, Tae H. & Adler, Nicole & Yu, Chunyan, 2006. "Privatization, corporatization, ownership forms and their effects on the performance of the world's major airports," Journal of Air Transport Management, Elsevier, vol. 12(3), pages 109-121.
    2. repec:ise:isegwp:wp222008 is not listed on IDEAS
    3. Pacheco, R. R. & Fernandes, E., 2003. "Managerial efficiency of Brazilian airports," Transportation Research Part A: Policy and Practice, Elsevier, vol. 37(8), pages 667-680, October.
    4. Yu, Ming-Miin & Chern, Ching-Chin & Hsiao, Bo, 2013. "Human resource rightsizing using centralized data envelopment analysis: Evidence from Taiwan's Airports," Omega, Elsevier, vol. 41(1), pages 119-130.
    5. Low, Joyce M.W. & Tang, Loon Ching, 2006. "Factor substitution and complementarity in the Asia airport industry," Journal of Air Transport Management, Elsevier, vol. 12(5), pages 261-266.
    6. Nuno Araújo & Leonardo Costa, 2012. "The Productivity Of Innovation In Portugal," Working Papers de Economia (Economics Working Papers) 05, Faculdade de Economia e Gestão, Universidade Católica Portuguesa (Porto).
    7. Chao, Ching-Cheng & Yu, Po-Cheng, 2013. "Quantitative evaluation model of air cargo competitiveness and comparative analysis of major Asia-Pacific airports," Transport Policy, Elsevier, vol. 30(C), pages 318-326.
    8. Sarkis, Joseph & Talluri, Srinivas, 2004. "Performance based clustering for benchmarking of US airports," Transportation Research Part A: Policy and Practice, Elsevier, vol. 38(5), pages 329-346, June.
    9. repec:ise:isegwp:wp102008 is not listed on IDEAS
    10. Paolo Malighetti & Gianmaria Martini & Stefano Paleari & Renato Redondi, 2007. "An Empirical Investigation on the Efficiency, Capacity Ownership of Italian Airports," Rivista di Politica Economica, SIPI Spa, vol. 97(1), pages 157-188, January-F.
    11. Pyrialakou, V. Dimitra & Karlaftis, Matthew G. & Michaelides, Panayotis G., 2012. "Assessing operational efficiency of airports with high levels of low-cost carrier traffic," Journal of Air Transport Management, Elsevier, vol. 25(C), pages 33-36.
    12. Oum, Tae H. & Yan, Jia & Yu, Chunyan, 2008. "Ownership forms matter for airport efficiency: A stochastic frontier investigation of worldwide airports," Journal of Urban Economics, Elsevier, vol. 64(2), pages 422-435, September.
    13. Malighetti, G & Martini, G & Paleari, S & Redondi, R, 2009. "The Impacts of Airport Centrality in the EU Network and Inter- Airport Competition on Airport Efficiency," MPRA Paper 17673, University Library of Munich, Germany.
    14. Yu, Ming-Miin, 2010. "Assessment of airport performance using the SBM-NDEA model," Omega, Elsevier, vol. 38(6), pages 440-452, December.
    15. Bergamini, Elisabetta & Gitto, Simone & Mancuso, Paolo, 2006. "The performance of Italian airports," MPRA Paper 35790, University Library of Munich, Germany.

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