Measuring the Technical Efficiency of Airports in Latin America
This paper studies the technical efficiency of airports in Latin America. The evolution of productive efficiency in the region has seldom been studied, mainly due to lack of publicly available data. Relying on a unique dataset that was obtained thr...
| Main Authors: | , |
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| Format: | Policy Research Working Paper |
| Language: | English |
| Published: |
2012
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| Subjects: | |
| Online Access: | http://www-wds.worldbank.org/external/default/main?menuPK=64187510&pagePK=64193027&piPK=64187937&theSitePK=523679&menuPK=64187510&searchMenuPK=64187283&siteName=WDS&entityID=000158349_20100615083006 http://hdl.handle.net/10986/3824 |
| Summary: | This paper studies the technical
efficiency of airports in Latin America. The evolution of
productive efficiency in the region has seldom been studied,
mainly due to lack of publicly available data. Relying on a
unique dataset that was obtained through questionnaires
distributed to airport operators, the authors use Data
Envelopment Analysis methods to compute an efficient
production frontier and compare the technical efficiency of
Latin American airports relative to airports around the
world. In a second stage, they estimate a truncated
regression to study the drivers of observed differences in
airport efficiency. According to the results, institutional
variables (private/public operation), the socioeconomic
environment (level of gross domestic product), and airport
characteristics (hub airport, share of commercial revenues)
matter in explaining airport productive efficiency. Finally,
the authors compute total factor productivity changes for
Latin American airports for 1995-2007. The region has
implemented a wide variety of private sector participation
schemes for the operation of airports since the mid 1990s.
The results show that private operators have not had higher
rates of total factor productivity change. |
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