Total factor productivity analysis of the UK airport industry: A Hicks-Moorsteen index method

Kok Fong See and Fei Li

Journal of Air Transport Management, 2015, vol. 43, issue C, 1-10

Abstract: This study examines the total factor productivity (TFP) change of the UK airport industry from 2001 to 2009 using a Hicks-Moorsteen index method. The results show that the industry experienced an average annual growth in TFP of 0.32 per cent with efficiency change being the main contributor to the TFP growth. We find that private UK airports enjoy slightly higher TFP growth than those in public or mixed ownership. Regulation and airport size are found to have statistically significant effects on the airport productivity level.

Keywords: Productivity growth; UK airports; Hicks-Moorsteen index (search for similar items in EconPapers)
JEL-codes: D21 L32 (search for similar items in EconPapers)
Date: 2015
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Citations: View citations in EconPapers (8)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:jaitra:v:43:y:2015:i:c:p:1-10

DOI: 10.1016/j.jairtraman.2014.12.001

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