Ready for take-off? : The economic effects of regional airport expansion / Philipp Breidenbach
VerfasserBreidenbach, Philipp In der Gemeinsamen Normdatei der DNB nachschlagen
ErschienenBochum [u.a.] : RWI, 2015
Umfang26 S. : graph. Darst., Kt.
SerieRuhr economic papers ; 549
SchlagwörterRegionalentwicklung In Wikipedia suchen nach Regionalentwicklung / Wirtschaftswachstum In Wikipedia suchen nach Wirtschaftswachstum / Regionalflughafen In Wikipedia suchen nach Regionalflughafen / Subventionsabbau In Wikipedia suchen nach Subventionsabbau / Insolvenz In Wikipedia suchen nach Insolvenz / Online-Publikation In Wikipedia suchen nach Online-Publikation
URNurn:nbn:de:hbz:6:2-47827 Persistent Identifier (URN)
 Das Dokument ist frei verfügbar.
Ready for take-off? [0.43 mb]

This paper analyzes whether the expansion of regional airports in Germany caused positive spillover effects on the surrounding economies, exploiting the deregulation of the European aviation market as a quasi-experiment. Such potential spillovers are often used as an argument for the substantial annual subsidies to airports. Previous evaluations often suffer from the problem of reverse causality, since investment decisions are based on the economic conditions of the region. By contrast, the aviation deregulation under the Single European Market-initiative provides an exogenous incentive for investing in the expansion of existing regional airports. A difference- in-differences approach is used to estimate the causal effects of this expansion on regional growth. The results are sobering, though, as there is no evidence for any positive spillover effects.