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Estimation of Allocative Efficiency in Airports for a Pre-Privatization Period

In: The Economics of Airport Operations

Author

Listed:
  • Soraya Hidalgo-Gallego
  • Valeriano Martínez-San Román
  • Ramón Núñez-Sánchez

Abstract

In this chapter, we estimate the allocative efficiency of Spanish airports in the pre-privatization period from 2009 until 2014. The estimation of an input-oriented distance system of equations allows us to calculate different allocative efficiency measures using two approaches. The results show that allocative inefficiencies exist for Spanish airports during this period. Moreover, in breaking down allocative efficiency changes by periods coinciding with different government strategies of privatization, we find important differences. In the initial period, when the government encouraged decentralized management of airports and privatization of the largest airports, allocative efficiency improved (from 2009 to 2012). In the second period, however, when the government focused on centralized airport management and privatization of the system as a whole (from 2012 to 2014), inefficiencies slightly increased again.

Suggested Citation

  • Soraya Hidalgo-Gallego & Valeriano Martínez-San Román & Ramón Núñez-Sánchez, 2017. "Estimation of Allocative Efficiency in Airports for a Pre-Privatization Period," Advances in Airline Economics, in: The Economics of Airport Operations, volume 6, pages 69-95, Emerald Group Publishing Limited.
    • Handle: RePEc:eme:aiaezz:s2212-160920170000006004
    DOI: 10.1108/S2212-160920170000006004
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    More about this item

    Keywords

    Airport privatization; Spanish airports; allocative efficiency; distance functions; D24; L33; L93;
    All these keywords.

    JEL classification:

    • D24 - Microeconomics - - Production and Organizations - - - Production; Cost; Capital; Capital, Total Factor, and Multifactor Productivity; Capacity
    • L33 - Industrial Organization - - Nonprofit Organizations and Public Enterprise - - - Comparison of Public and Private Enterprise and Nonprofit Institutions; Privatization; Contracting Out
    • L93 - Industrial Organization - - Industry Studies: Transportation and Utilities - - - Air Transportation

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