Local Economic Impacts of Airport Operations

Local Economic Impacts of Airport Operations
Author: Gareth Reece Hanley
Publisher:
Total Pages: 99
Release: 2012
Genre:
ISBN:

With the help of a line item budget from a feasibility study, local economic impacts of construction and annual airport operations were quantified. As is the case with any major infrastructure development, the regional economy is positively impacted as construction activities are conducted. Analysis also shows that positive economic effects could be the result of the annual airport operations. To substantiate the sustainability of airport operations, a cluster analysis was conducted to identify possibilities for industry clusters in the area. Results showed that clustering will only serve to increase the local economic impact of airport operations; further justifying the large public investment.

Best Practices of the Economic Development Impact Study of Airports

Best Practices of the Economic Development Impact Study of Airports
Author: Imola Rittgasszer
Publisher:
Total Pages:
Release: 2011
Genre:
ISBN:

Today airports are increasingly becoming full transport junctions. The location of their networks provides strategic benefits, which makes them possible to attract a wide range of economic activities, therefore to operate as new development poles. Nowadays it is widely accepted that the airports of Europe have considerable economic and social impacts on the surrounding regions. These impacts reach much deeper than the direct impacts an airport has on the environment of its operation, since the availability of air services are advantageous both for the regional business interests and for the consumers. Air transport means a fundamental infrastructural background, which facilitates the economic growth of the regions; furthermore, the global accessibility is one of the key factors of being successful in terms of the settlement of business activities and for every region in Europe. The primary aim of the study is the theoretical review of the impacts of airports on economy. In addition, the study makes an attempt to review and analyse the international benchmark examples developed for the analysis of the economic impacts of airports. Based on the international literature, the methods and procedures are identified which are theoretically suitable for the economic impact study of airports. Afterwards, the procedures are selected of which the methodological clarity is suitable to found the empirical study of the impacts of an optional airport on the local economy.