Airports’ public infrastructure and sources of inefficiency

Ane Elixabete Ripoll-Zarraga
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引用次数: 2

Abstract

PurposeThe Spanish airport system contains several regional airports within an amenity distance and alternative travel modes. Profitable airports cross-subsidise small airports, which are not required for regional development or connectivity. Airports are government-owned and centralised-managed by Spanish Airports and Air Navigation (AENA, for its Spanish acronym). This study aims to analyse the probability of an under-used public infrastructure and the AENA’s managerial ability as per the financial sustainability of the network in the long term.Design/methodology/approachThe national regulatory framework determines the airports’ environment. Six airports revealed unobserved heterogeneity, avoiding model misspecification. The framework is defined through proxies of the singularities of the Spanish framework: public investments and geographical specifications. The stochastic frontier analysis model follows two time-varying specifications, accounting for airports’ environmental factors, to ensure the robustness of the results to differ from the inefficiency caused by AENA and external factors.FindingsAirports’ infrastructure capacity and traffic are not correlated; regional airports become a financial burden for the system unless they specialise or differentiate. Proxies defining the airports’ context are relevant. Because airports do not compete for airlines and passengers, there are too many regional airports with little traffic, resulting in disused public infrastructure that falls far short of improving connectivity and regional development.Originality/valueThis study contributes to paying attention to the characteristics of the regulatory framework, such as management strongly centralised in AENA, airport charges decided by the owner, lack of competition and lack of an independent regulatory entity. Another original contribution considers reliable capital measures (airports’ infrastructure).
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机场的公共基础设施和效率低下的根源
目的西班牙机场系统包含几个区域机场,在一个舒适的距离和可选择的旅行方式。盈利的机场会对小型机场进行交叉补贴,而小型机场不是区域发展或连通性所必需的。机场由政府所有,并由西班牙机场和空中导航(AENA,西班牙语首字母缩写)集中管理。本研究旨在分析未充分利用的公共基础设施的可能性和AENA的管理能力,根据网络的长期财务可持续性。设计/方法/方法国家监管框架决定了机场的环境。六个机场显示了未观察到的异质性,避免了模型的错误规范。该框架是通过代表西班牙框架的独特性来定义的:公共投资和地理规范。随机前沿分析模型遵循两个时变规范,考虑了机场的环境因素,以确保结果的稳健性,区别于AENA和外部因素造成的低效率。发现机场的基础设施容量和客流量不相关;地区性机场除非专业化或差异化,否则会成为整个系统的财政负担。定义机场上下文的代理是相关的。由于机场不竞争航空公司和乘客,区域机场太多,客流量少,导致公共基础设施被废弃,远远不能改善连通性和区域发展。独创性/价值本研究有助于关注监管框架的特点,例如AENA的管理高度集中,机场收费由所有者决定,缺乏竞争和缺乏独立的监管实体。另一个原始贡献是考虑可靠的资本措施(机场基础设施)。
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来源期刊
Journal of Economics, Finance and Administrative Science
Journal of Economics, Finance and Administrative Science Economics, Econometrics and Finance-Economics, Econometrics and Finance (all)
CiteScore
5.10
自引率
20.80%
发文量
23
审稿时长
12 weeks
期刊介绍: The Universidad ESAN, with more than 50 years of experience in the higher education field and post graduate studies, desires to contribute to the academic community with the most outstanding pieces of research. We gratefully welcome suggestions and contributions from business areas such as operations, supply chain, economics, finance and administration. We publish twice a year, six articles for each issue.
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