Quotation Sellner, Richard, Nagl, Philipp. 2010. Air accessibility and growth - The economic effects of a capacity expansion at Vienna International Airport. Journal of Air Transport Management 16 (6): 325-329.


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Abstract

We use an econometric endogenous growth model to estimate the impact of air accessibility on GDP and investment growth. This is done in a dynamic panel system estimation framework for the EU-15 between 1993 and 2006. The results are then used to predict the economic effects of an increase in capacity at the Vienna International Airport using actual forecasts of the required information set. We find a GDP elasticity of air accessibility of 0.014 and an investment elasticity of 0.05 for our sample. Given the official passenger forecast this would lead to additional GDP growth in Austria of accumulated 0.81% based on the values of the restricted scenario (no third runway). In a more conservative forecast scenario of 3% annual passenger growth, a third runway is projected to increase GDP by 0.2% by 2040.

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Publication's profile

Status of publication Published
Affiliation WU
Type of publication Journal article
Journal Journal of Air Transport Management
Citation Index SSCI
Language English
Title Air accessibility and growth - The economic effects of a capacity expansion at Vienna International Airport
Volume 16
Number 6
Year 2010
Page from 325
Page to 329
Reviewed? Y
URL http://www.sciencedirect.com/science?_ob=ArticleURL&_udi=B6VGP-50819M4-1&_user=10&_coverDate=11%2F30%2F2010&_rdoc=1&_fmt=high&_orig=search&_sort=d&_docanchor=&view=c&_searchStrId=1425637437&_rerunOrigin=google&_acct=C000050221&_version=1&_urlVersion=0&_userid=10&md5=962f12ee329f362f762b67cabc4e5437

Associations

People
Sellner, Richard (Former researcher)
Nagl, Philipp (Former researcher)
Organization
Institute for Transport and Logistics Management (Details)
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