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- W2982048400 abstract "Abstract Our 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." @default.
- W2982048400 created "2019-11-01" @default.
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- W2982048400 date "2020-01-01" @default.
- W2982048400 modified "2023-10-18" @default.
- W2982048400 title "The impact of national macro-environment exogenous variables on airport efficiency" @default.
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- W2982048400 doi "https://doi.org/10.1016/j.jairtraman.2019.101740" @default.
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