The impact of national macro-environment exogenous variables on airport efficiency

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dc.contributor.author Chaouk, Mohammed
dc.contributor.author Pagliari, Romano
dc.contributor.author Moxon, Richard
dc.date.accessioned 2020-02-14T14:55:14Z
dc.date.available 2020-02-14T14:55:14Z
dc.date.issued 2019-10-28
dc.identifier.citation Chaouk M, Pagliari R & Moxon R (2019) The impact of national macro-environment exogenous variables on airport efficiency. Journal of Air Transport Management,Volume 82, January 2020, Article number 101740 en_UK
dc.identifier.issn 0969-6997
dc.identifier.uri httsp://doi.org/10.1016/j.jairtraman.2019.101740
dc.identifier.uri http://dspace.lib.cranfield.ac.uk/handle/1826/15136
dc.description.abstract Our paper tests the extent to which airport efficiency is affected by national macro-environmental factors. The literature on airport performance measurement is extensive but has tended to focus mainly on estimating the effects on efficiency from what are mostly endogenous variables. We undertake a two-stage analysis of 59 international airports observations in the Europe and Asia-Pacific regions. The first stage involves the use of Data Envelopment Analysis (DEA) to measure the efficiency of these airports. This is followed by a second stage, where we use a Truncated Regression model that incorporates the Simar and Wilson bootstrapping technique to test the extent to which a set of macro-environmental factors affect airport efficiency. Results reveal that a state's air transport sector output, institutional quality and robustness, the macro-economic environment, safety and security, and human development, all have a significant influence on the performance of airports. The result of this study fills the gap in the literature related to the non-discretionary variables affecting the performance of airports. It also suggests that policymakers and airport managers consider the identified factors when benchmarking airports. en_UK
dc.language.iso en en_UK
dc.publisher Elsevier en_UK
dc.rights Attribution-NonCommercial-NoDerivatives 4.0 International *
dc.rights.uri http://creativecommons.org/licenses/by-nc-nd/4.0/ *
dc.subject Airports efficiency en_UK
dc.subject DEA method en_UK
dc.subject Truncated regression en_UK
dc.subject Tobit regression en_UK
dc.subject Macro-environmental factors en_UK
dc.subject Exogenous factors en_UK
dc.title The impact of national macro-environment exogenous variables on airport efficiency en_UK
dc.type Article en_UK


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