Bergamini, Elisabetta and Gitto, Simone and Mancuso, Paolo (2006): The performance of Italian airports.
Download (646kB) | Preview
The aim of this work is the analysis of the operational efficiencies of the major Italian airports. The study is based on a cross-sectional, time series dataset of 14 Italian airports for the period 2000-2004. In the sample there are the two international airport systems of Rome and Milan, each composed by two airports, and ten regional airports. The analysis of the industry characteristics have pointed out that both structural and institutional factors cause an high degrees of dissimilarities among the 14 Italians airports. In this framework comparing the efficiency could be troublesome and misleading at the same time. Thus the methodological goal of the paper has been the application of two multivariate techniques, factorial and cluster analysis, in order to reduces dissimilarities and improve the results of the efficiency measures. The two multivariate techniques help in determining variables which mostly affect the airports operational efficiencies. The operational efficiencies have been estimated using non parametric models. In particular, the modified Torqvinst index has been employed to measure both Total Factor Productivity (TFP) and Variable Factor Productivity (VFP) indexes. Moreover, in order to remove the effects of the variables beyond the managerial control the residual Total Factor Productivity (RTFP) and Variable Factor Productivity (RVFP) indexes have been computed.
|Item Type:||MPRA Paper|
|Original Title:||The performance of Italian airports|
|Keywords:||Factorial analysis; Cluster analysis; Torqvinst index; Productivity|
|Subjects:||L - Industrial Organization > L5 - Regulation and Industrial Policy
L - Industrial Organization > L9 - Industry Studies: Transportation and Utilities > L93 - Air Transportation
D - Microeconomics > D2 - Production and Organizations > D24 - Production ; Cost ; Capital ; Capital, Total Factor, and Multifactor Productivity ; Capacity
|Depositing User:||SIMONE GITTO|
|Date Deposited:||07. Jan 2012 23:56|
|Last Modified:||07. May 2015 20:29|
Adler, N., Berechman, J., 2001. Measuring airport quality from the airlines’ viewpoint: an application of data envelopment analysis. Transport Policy 8, 171–181.
Caves, D., Christensen, L.R., Diewert, W.E., 1982. Multilateral comparisons of output, input and productivity using superlative index numbers. Economic Journal 92, 73–86.
Coelli, T.J. (1997), “A Guide to TFPIP Version 1.0: A Total Factor Productivity Index (Computer) Program”, mimeo, Department of Econometrics, University of New England, Armidale NSW Australia.
Coelli, T., Rao, D.S.P., Battese, G.E., 1998. “An introduction to efficiency and productivity analysis” Kluwer Academic, Boston.
Gillen, D.W., Lall, A., 1997. Developing measures of airport productivity and performance: an application of data envelopment analysis. In: Proceedings of the Aviation Transport Research Group Conference, Vancouver.
Hooper, P.G., Hensher, D.A., 1997. Measuring total factor productivity of airports: an index number approach. Transportation Research E 33, 249–259.
Kamp, V., Müller, J. Niemeier, H.M., 2005.What can we learn from Benchmarking studies of airports and where do we want to go from here?. GARS Workshop on Benchmarking in Vienna, Nov.05.
Kamp, V., Niemeier, H.M., Schmidt, P., 2004. Benchmarking of German Airports – Some first Results. GARS Research Seminar, “How to make Slot Markets Work”, Bremen, November 19-20, 2004.
Martin, J.C., Roman, C., 2001. An application of DEA to measure the efficiency of Spanish airports prior to privatization. Journal of Air Transport Management 7, 149–157.
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.
Parker, D., 1999. The performance of BAA before and after privatization. Journal of Transport Economics and Policy 33, 133–145. Productivity Commission, 2002. Price Regulation of Airport Services. Report No. 19, AusInfo, Canberra.
Pels, E., Nijkamp, P., Rietveld, P, 2001. “Relative efficiency of European airports” Transport Policy , Vol. 8, pp 183-192.
Pels, E., Nijkamp, P., Rietveld, P, 2003. Inefficiencies and scale economies of European airport operations. Transportation Research Part E 39, 341–361.
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., Talluris, S., 2004. Performance based clustering for benchmarking of US airports. Transportation Research Part A 38, 329–346.
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.
Vogel, H.A. Privatisation and Financial Performance of European Airports. 4th Conference on Applied Infrastructure Research. Berlin, Saturday, 8 October, 2005.
Zucchetti R., Ravasio M., 2001. “Trasporti e Concorrenza”, EGEA.