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Airports and Economic Development

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  • Richard K. Green

    (The George Washington University School of Business)

Abstract

This article tests whether the activity at a metropolitan area's airport helps predict population and employment growth. In regression equations explaining employment and population growth, the article uses various measures of airport activity, including boardings, originations, hub status and cargo volume. Because airports may be a function of, as well as a cause of, growth, the article instruments for airports by using geographical and lagged variables. It finds that, under a variety of specifications, passenger activity is a powerful predictor of growth; cargo activity is not. Copyright 2007 American Real Estate and Urban Economics Association

(This abstract was borrowed from another version of this item.)

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File URL: http://www.gwu.edu/%7Ebusiness/research/workingpapers/Airport%20GW.pdf
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Bibliographic Info

Paper provided by School of Business, The George Washington University in its series Working Papers with number 0002.

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Date of creation: Mar 2006
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Handle: RePEc:gwu:wpaper:0002

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Web page: http://www.business.gwu.edu/
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  1. Two cents (or maybe a nickel) on Texas.
    by Richard K. Green in Richard's Real Estate and Urban Economics Blog on 2011-08-23 16:27:00
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Cited by:
  1. Malina, Robert & Albers, Sascha & Kroll, Nathalie, 2011. "Airport incentive programs: A European perspective," Working Paper Series 107, University of Cologne, Department of Business Policy and Logistics.
  2. Florida, Richard & Mellander, Charlotta & Holgersson, Thomas, 2012. "Up in the Air: The Role of Airports for Regional Economic Development," Working Paper Series in Economics and Institutions of Innovation 267, Royal Institute of Technology, CESIS - Centre of Excellence for Science and Innovation Studies.
  3. Bruce A. Blonigen & Anca D. Cristea, 2012. "Airports and Urban Growth: Evidence from a Quasi-Natural Policy Experiment," NBER Working Papers 18278, National Bureau of Economic Research, Inc.
  4. Edward L. Glaeser & Joshua D. Gottlieb, 2008. "The Economics of Place-Making Policies," Brookings Papers on Economic Activity, Economic Studies Program, The Brookings Institution, vol. 39(1 (Spring), pages 155-253.

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