Identificador persistente para citar o vincular este elemento:
http://hdl.handle.net/10553/43821
Título: | Determinants of airport cost flexibility in a context of economic recession | Autores/as: | Martín Hernández, Juan Carlos Rodríguez Déniz, Héctor Voltes Dorta, Augusto |
Clasificación UNESCO: | 531212 Transportes y comunicaciones | Palabras clave: | Transportes áereos Crisis económica |
Fecha de publicación: | 2013 | Editor/a: | 1366-5545 | Publicación seriada: | Transportation Research Part E: Logistics and Transportation Review | Conferencia: | 15th World Conference of the Air-Transport-Research-Society (ATRS) | Resumen: | The recent economic downturn led to a significant contraction in the global demand for air travel and cargo. In spite of that, airports' operating costs did not mirror the traffic trends and kept increasing during the same period, showing evident signs of lack of flexibility. With this background, this paper aims at identifying the drivers of airport cost flexibility in a context of economic recession. This is done by estimating a short-run stochastic cost frontier over a balanced pool database of 194 airports worldwide between 2007 and 2009. Using the total change in cost efficiency during the sample period as a proxy for cost flexibility, the impact of variables such as ownership, outsourcing, airline dominance, low-cost traffic, and revenue diversification is tested in a second-stage regression. Contrary to the existing literature, a higher level of outsourcing is shown to reduce cost flexibility. Results also indicate that low-cost traffic, diversification, and corporatization increase the airports' ability to control costs. The negative impact of airline dominance suggests the need for more stringent regulations on slot allocation at congested airports in order to ensure optimal infrastructure usage. | URI: | http://hdl.handle.net/10553/43821 | ISSN: | 1366-5545 | DOI: | 10.1016/j.tre.2013.01.007 | Fuente: | Transportation Research Part E: Logistics and Transportation Review[ISSN 1366-5545],v. 57, p. 70-84 |
Colección: | Artículos |
Citas SCOPUSTM
26
actualizado el 08-sep-2024
Citas de WEB OF SCIENCETM
Citations
18
actualizado el 08-sep-2024
Visitas
62
actualizado el 23-ene-2024
Google ScholarTM
Verifica
Altmetric
Comparte
Exporta metadatos
Los elementos en ULPGC accedaCRIS están protegidos por derechos de autor con todos los derechos reservados, a menos que se indique lo contrario.