Gitto, Simone and Mancuso, Paolo (2010): Airport efficiency: a DEA two stage analysis of the Italian commercial airports.
Download (238kB) | Preview
In this paper we use a two stage procedure, based on bias corrected DEA, to evaluate the impacts of regulatory reforms on technical efficiency of 28 Italian airports during the period 2000–2006. We employ two different DEA models: physical and monetary. The first relies on the aeronautical activities, the second concerns both aeronautical and non aeronautical business and allows us to evaluate the impact of commercial activities on overall airport efficiency. The main results are: i) mixed government-private ownerships with a private majority are more efficient than those with a government majority; ii) the liberalization of ground handling services has produced an increase of efficiency in airside and landside activities; iii) granting all services to airport management companies can be a source of inefficiency due to the lack of competition in the industry; iv) the introduction of dual-till increases overall technical efficiency.
|Item Type:||MPRA Paper|
|Original Title:||Airport efficiency: a DEA two stage analysis of the Italian commercial airports|
|Keywords:||Data Envelopment Analysis (DEA); bootstrap; two stage estimation; airport efficiency|
|Subjects:||L - Industrial Organization > L9 - Industry Studies: Transportation and Utilities > L93 - Air Transportation
C - Mathematical and Quantitative Methods > C1 - Econometric and Statistical Methods and Methodology: General > C14 - Semiparametric and Nonparametric Methods: General
L - Industrial Organization > L5 - Regulation and Industrial Policy > L50 - General
D - Microeconomics > D2 - Production and Organizations > D24 - Production; Cost; Capital; Capital, Total Factor, and Multifactor Productivity; Capacity
|Depositing User:||SIMONE GITTO|
|Date Deposited:||31. Oct 2011 23:51|
|Last Modified:||12. Feb 2013 05:50|
Abrate, G., Erbetta, F., 2010. Efficiency and patterns of service mix in airport companies: An input distance function approach. Transportation Research Part E, doi:10.1016/j.tre.2009.12.003.
Adler, N., Berechman, J., 2001. Measuring airport quality from the airlines’ viewpoint: an application of data envelopment analysis. Transport Policy 8, 171–181.
Adler, N., Golany, B., 2001. Evaluation of deregulated airline networks using data envelopment analysis combined with principal component analysis with an application to Western Europe. European Journal of Operational Research 132 (2), 18–31.
Barros, C.P., Dieke, P.U.C., 2007. Performance evaluation of Italian airports: a data envelopment analysis. Journal of Air Transport Management 13, 184-191.
Barros, C.P., Dieke, P.U.C., 2008. Measuring the economic efficiency of airports: A Simar–Wilson methodology analysis. Transportation Research Part E, 44, 1039-1051.
Bronzini, Piselli, 2009. Determinants of long-run regional productivity with geographical spillovers: The role of R&D, human capital and public infrastructure. Regional Science and Urban Economics, 39, 187-199.
Carney, M., Mew, K., 2003. Airport governance reform: a strategic management perspective. Journal of Air Transport Management, 9, 221-232.
CERTeT, 2006. Il rapporto tra vettori ed aeroporti:analisi e valutazione del sistema di regolazione in Italia. Centro di Economia Regionale, Trasporti e Turismo, Università Commerciale “L. Bocconi”.
Charnes, A., Cooper, W.W., Rhodes, E., 1978. Measuring the efficiency of decision making units. European Journal of Operational Research, 2, 429-444.
Cló, A., 2004. Concorrenza e sviluppo nel sistema aeroportuale italiano. L’Industria, 3, 461-484.
Curi, C., Gitto, S., Mancuso, M., 2010. The Italian airport industry in transition: a performance analysis. Journal of Air Transport Management, 16(4), 218-221.
Daraio, C., Simar, L., 2007. Advanced robust and nonparametric methods in efficiency analysis. Springer US.
Donzelli, M., 2010. The effect of low-cost air transportation on the local economy: Evidence from Southern Italy. Journal of Air Transport Management, 16, 121-126.
EC, European Commission, 2005. Community guidelines on financing of airports and start-up aid to airlines departing from regional airports. Official Journal of the European Union, 2005/C 312/1.
Efron, B., Tibshirani, R.J., 1993. An introduction to the Bootstrap. Chapman and Hall, London.
Enac, 2001-2007. Annuario Statistico 1999-2006. Roma.
Farrell, M.J., 1957. The measurement of productive eﬃciency. Journal of Royal Statistical Society A 120, 253-281.
Fernandes, E., Pacheco, R.R., 2003. Managerial efficiency of Brazilian airports. Transportation Research Part A 37, 667-680.
Forsyth, P., 2002. Privatization and Regulation of Australian and New Zealand Airports. Journal of Air Transport Management, 8, 19-28.
Gillen, D.W., Lall, A., 1997. Developing measures of airport productivity and performance: an application of data envelopment analysis. Transportation Research Part E 33 (4), 261-274.
Hooper, P.G., Hensher, D.A., 1997. Measuring total factor productivity of airports- an index number approach. Transportation Research Part E, 33(4), 249-259.
Kneip, A., Park, B., Simar, L., 1998. A note on the convergence of non parametric DEA estimator for production efficiency scores. Economic theory 14, 783-793.
Kneip, A., Simar, L., and Wilson, P. W., 2008. Asymptotics and consistent bootstraps for DEA estimators in non-parametric frontier models. Econometric Theory, 24, 1663-1697.
Jarach, D., 2001. The evolution of airport management practices: towards a multi-point, multiservice, marketing driven firm. Journal of Air Transport Management, 7 (2), 119-125.
Leibenstein, H., 1966. Allocative Efficiency vs. 'X-Efficiency'. American Economic Review, 56, 392-415.
Martìn, J.C., Romàn, C., 2001. An application of DEA to measure the efficiency of Spanish airports prior to privatization. Journal of Air Transport Management, 7, 149-157.
Malighetti, P., Martini, G., Paleari, S., Redondi, R., 2007.An Empirical Investigation on the Efficiency, Capacity and Ownership of Italian Airports. Rivista di Politica Economica 97, 57–188.
Olesen, O.B., Petersen, N.C., 1996. Indicators of Ill-conditioned data sets and model Misspecification in data envelopment analysis: an extended facet approach. Management Science 42 (2), 205-219.
Oum, T.H., Yu, C., Fu, X., 2003. A comparative analysis of productivity performance of the world’s major airports: summary report of the ATRS global airport benchmarking research report 2002. Journal of Air Transport Management, 9, 285-297.
Oum, T.H., Zhang, A., Zhang, Y., 2004. Alternative forms of economic regulation and their efficiency implications for airports. Journal of Transport Economics and Policy. 38, 217-246.
Oum, T.H., Adler, N., Yu, C., 2006. Privatization, corporatization, ownership forms and their effects on the performance of the world’s major airports. Journal of Air Transport Management, 12, 109-121.
Oum, T.H., Yan, J., Yu, C. 2008. Ownership forms matter for airport efficiency: A stochastic frontier investigation of worldwide airports, Journal of Urban Economics 64, 422-435.
Pels, E., Nijkamp, P., Rietveld, P., 2001. Relative efficiency of European airports. Transport Policy, 8, 183-192.
Pels, E., Nijkamp, P., Rietveld, P., 2003. Inefficiencies and scale economies of European airport operations. Transportation Research Part E, 39, 341-361.
Podinovski, V.V., 2004. Local and global returns to scale in performance measurement. Journal of the Operational Research Society, 55, 170-178.
Sarkis, J., 2000. An analysis of the operational efficiency of major airports in the United States. Journal of Operations Management, 18, 335–351.
Sarkis, J., Talluri, S., 2004. Performance based clustering for benchmarking of US airports. Transportation Research Part A, 38, 329-346.
Shepard, R.W., 1970. Theory of cost and production functions. Princeton University Press, Princeton, NJ.
Simar, L., Wilson, P.W., 1998. Sensitive analysis of efficiency scores: how to bootstrap in nonparametric frontier models, Management Science, 44 (1), 49-61.
Simar, L., Wilson, P.W., 2000.Statistical Inference in Nonparametric Frontier Models: The State of the Art. Journal of productivity analysis. 13, 49-78.
Simar, L., Wilson, P.W., 2002. Non parametric test of returns to scale. European Journal of Operational Research, 139, 115-132.
Simar, L., Wilson, P.W., 2007. Estimation and inference in two-stage, semi-parametric models of productive efficiency. Journal of Econometrics, 136, 31-64.
UNWTO, 2008. UNWTO word tourism barometer, 6(2).
Walters, A.A., 1978. Airports - an economic survey. Journal of Transport Economics and Policy, 125-160.
Wilson, P. W., 2007. FEAR: A Software Package for Frontier Efficiency Analysis with R. Socio-Economic Planning Sciences, 42 (4), 247-254.
Yoshida, Y., Fujimoto, H., 2004. Japanese-airport benchmarking with the DEA and endogenous-weight TFP methods: testing the criticism of overinvestment in Japanese regional airports. Transportation Research Part E, 40, 533-546.
Zelenyuk, V., 2009. Power of significance test of dummy variables in two-stage efficiency analysis model. Applied Economics Letters, 16, 1493-1495.