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Airport Runway Capacity and Economic Development

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  • Derek Tittle
  • Patrick McCarthy
  • Yuxi Xiao

Abstract

Using an aggregate production function, the impact of runways at commercial airports on several measures of metropolitan statistical areas’ economic welfare in combination with labor, private capital, and public-sector capital is estimated. By focusing on runways at commercial airports, we estimate the impact of reducing congestion that sets in and takeoffs and landings as air activity nears the technical limit for safe operations. Both the number of runways and the maximum length of runway available at a given airport correlate positively with real gross metropolitan product with a negative cross product between the two, suggesting a trade-off between the number of flights possible and the size of the aircraft that can use the airport. Additional analysis examines the impact of additional runways on other measures of economic activity.

Suggested Citation

  • Derek Tittle & Patrick McCarthy & Yuxi Xiao, 2013. "Airport Runway Capacity and Economic Development," Economic Development Quarterly, , vol. 27(3), pages 230-239, August.
    • Handle: RePEc:sae:ecdequ:v:27:y:2013:i:3:p:230-239
    DOI: 10.1177/0891242412467228
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    References listed on IDEAS

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    Cited by:

    1. Murakami, Jin & Matsui, Yurika & Kato, Hironori, 2016. "Airport rail links and economic productivity: Evidence from 82 cities with the world’s 100 busiest airports," Transport Policy, Elsevier, vol. 52(C), pages 89-99.
    2. Lenaerts, Bert & Allroggen, Florian & Malina, Robert, 2021. "The economic impact of aviation: A review on the role of market access," Journal of Air Transport Management, Elsevier, vol. 91(C).
    3. Wai Hong Kan Tsui & David Tat Wei Tan & Song Shi, 2017. "Impacts of airport traffic volumes on house prices of New Zealand’s major regions: A panel data approach," Urban Studies, Urban Studies Journal Limited, vol. 54(12), pages 2800-2817, September.

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