AbstractThis paper uses spatial econometric models to analyze the spatial distribution of Chinese airports from 2002 to 2012, taking into consideration the factors that explain the distribution of airports around the country. A cost function allowing for latitude and longitude is estimated based on spatial location, which leads us to advise the implementation of policies that take into account the spatial distribution of the airports. Results show that the development of airports in China needs to consider the spatial relationship among the many different regions of China. To improve the cost efficiency, airports should be located in more economically developed areas. Meanwhile, it also helps to reduce the cost when listing on the stock market.
HighlightsTake account of spatial effects in cost efficiency analysis of Chinese airports.Use SAR, SDM, SAC, SEM and GSPRE model to identify spatial dependence.The development of airports in China should consider the spatial relationship.Airports should be located in more economically developed areas to reduce costs.Listing on the stock market helps to reduce cost.
Spatial distribution characteristic of Chinese airports: A spatial cost function approach
Journal of Air Transport Management ; 59 ; 63-70
2016-11-26
8 pages
Article (Journal)
Electronic Resource
English
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