Up in the Air: The Role of Airports for Regional Economic Development
AbstractShort on the role of airports in for regional development in earlier work, our research examines two things: (1) the likelihood for the region to have an airport in the first place and (2) the effects of airports for regional economic development. Based on multiple regression analysis for US metros, we find that airports are more likely in larger metros with higher shares of more cultural workers and warmer winters are more likely to have an airport in the first place. We also find that airports add significantly to economic output per capita, when controlling for other variables, and that the size of the airport activities matters.
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Bibliographic InfoPaper provided by Royal Institute of Technology, CESIS - Centre of Excellence for Science and Innovation Studies in its series Working Paper Series in Economics and Institutions of Innovation with number 267.
Length: 21 pages
Date of creation: 13 Mar 2012
Date of revision:
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Postal: CESIS - Centre of Excellence for Science and Innovation Studies, Royal Institute of Technology, SE-100 44 Stockholm, Sweden
Phone: +46 8 790 95 63
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More information through EDIRC
Airports; economic development;
Find related papers by JEL classification:
- R00 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General - - - General
- R40 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Transportation Economics - - - General
This paper has been announced in the following NEP Reports:
- NEP-ALL-2012-10-13 (All new papers)
- NEP-TRE-2012-10-13 (Transport Economics)
- NEP-URE-2012-10-13 (Urban & Real Estate Economics)
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