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Do airport activities affect regional economies? Regional analysis of New Zealand¿s airport system

Journal Article


Abstract


  • This study investigates the impacts of airport activities on regional economies using annual data on all regions and 22 airports in New Zealand from 2001 to 2016. In addition to fixed effects estimation, the system generalized method of moments approach and the dynamic common correlated effects estimator are used to account for cross-sectional dependence, cross-regional heterogeneity and feedback effects. The study shows clear and consistent evidence that aviation activities positively affect regional economies, and that it is beneficial for policy-makers and airport owners in a region to promote aviation activities.

Publication Date


  • 2021

Citation


  • Fu, X., Hong Tsui, K. W., Sampaio, B., & Tan, D. (2021). Do airport activities affect regional economies? Regional analysis of New Zealand¿s airport system. Regional Studies, 55(4), 707-722. doi:10.1080/00343404.2020.1851359

Scopus Eid


  • 2-s2.0-85098008972

Start Page


  • 707

End Page


  • 722

Volume


  • 55

Issue


  • 4

Abstract


  • This study investigates the impacts of airport activities on regional economies using annual data on all regions and 22 airports in New Zealand from 2001 to 2016. In addition to fixed effects estimation, the system generalized method of moments approach and the dynamic common correlated effects estimator are used to account for cross-sectional dependence, cross-regional heterogeneity and feedback effects. The study shows clear and consistent evidence that aviation activities positively affect regional economies, and that it is beneficial for policy-makers and airport owners in a region to promote aviation activities.

Publication Date


  • 2021

Citation


  • Fu, X., Hong Tsui, K. W., Sampaio, B., & Tan, D. (2021). Do airport activities affect regional economies? Regional analysis of New Zealand¿s airport system. Regional Studies, 55(4), 707-722. doi:10.1080/00343404.2020.1851359

Scopus Eid


  • 2-s2.0-85098008972

Start Page


  • 707

End Page


  • 722

Volume


  • 55

Issue


  • 4