Ready for take-off? The economic effects of regional airport expansions in Germany

Philipp Breidenbach ()

EconStor Open Access Articles and Book Chapters, 2020, vol. 54, issue 8, 1084-1097

Abstract: Airports are an important factor of regional connectivity. Following the literature, a sufficiently dense airport network is an important determinant for growth. However, regional airports in Germany exhibit financial losses and depend on subsidies. This paper analyses the potential spillover effects of airports on the surrounding economies that may justify those subsidies by exploiting the deregulation of the European aviation market as a quasi-natural experiment. Subsequent airport expansions are evaluated in a difference-in-differences framework, making use of the exogenous shift in airport demand for regional airports due to the deregulation. Results show no evidence for spillover effects of Germany's regional airports.

Keywords: infrastructure investment; regional growth; airport effects (search for similar items in EconPapers)
JEL-codes: H54 R42 R51 (search for similar items in EconPapers)
Date: 2020
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (6)

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Journal Article: Ready for take-off? The economic effects of regional airport expansions in Germany (2020)
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Persistent link: https://EconPapers.repec.org/RePEc:zbw:espost:225046

DOI: 10.1080/00343404.2019.1659948

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