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

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dc.contributor.authorChaouk, Mohammed
dc.contributor.authorPagliari, Romano
dc.contributor.authorMoxon, Richard
dc.date.accessioned2020-02-14T14:55:14Z
dc.date.available2020-02-14T14:55:14Z
dc.date.issued2019-10-28
dc.description.abstractOur 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.identifier.citationChaouk M, Pagliari R, Moxon R. (2020) The impact of national macro-environment exogenous variables on airport efficiency. Journal of Air Transport Management, Volume 82, January 2020, Article number 101740en_UK
dc.identifier.cris25256391
dc.identifier.issn0969-6997
dc.identifier.urihttsp://doi.org/10.1016/j.jairtraman.2019.101740
dc.identifier.urihttps://dspace.lib.cranfield.ac.uk/handle/1826/15136
dc.language.isoenen_UK
dc.publisherElsevieren_UK
dc.rightsAttribution-NonCommercial-NoDerivatives 4.0 International*
dc.rights.urihttp://creativecommons.org/licenses/by-nc-nd/4.0/*
dc.subjectAirports efficiencyen_UK
dc.subjectDEA methoden_UK
dc.subjectTruncated regressionen_UK
dc.subjectTobit regressionen_UK
dc.subjectMacro-environmental factorsen_UK
dc.subjectExogenous factorsen_UK
dc.titleThe impact of national macro-environment exogenous variables on airport efficiencyen_UK
dc.typeArticleen_UK

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