دانلود رایگان مقاله برآورد تاثیر خصوصی سازی فرودگاه بر تقاضای خطوط هوایی

abstract

This paper develops an empirical model of passenger demand for routes of airports subject to either imminent or recent privatization. We investigate whether the privatization process produces a sequential impact over traffic. By employing a regression-based event methodology and controlling for fixed effects, price endogeneity and sample selection, we perform an econometric analysis of preprivatization and post-privatization dynamic patterns of demand to infer the demand consequences of the major change in airport governance. We examine recent Brazilian airport privatization experience as a case. The main results suggest that privatization produced an overall increase in airline demand and that the airport notably recognized with the greatest demand potential and with the largest market penetration of a fast-growing low cost newcomer had the highest estimated ceteris paribus effect of privatization on demand.

6. Conclusion

The present paper developed an econometric model of passenger demand for routes of recently privatized airports. With a regression-based event methodology accounting for fixed effects, endogeneity of prices, and sample selectivity, we tested whether market demand presented a dynamic pattern across the identified stages of privatization for a set of privatized airports in Brazil. With the estimated set of privatization-related coefficients, we then tested the sequential impact of privatization on demand. As far as we are concerned, this was the first attempt in the literature to directly estimate the impacts of airport privatization on air transportation demand, contributing to the scarce empirical literature on airport ownership change and its consequences.