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Total factor productivity analysis of the UK airport industry: A Hicks-Moorsteen index method

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  • See, Kok Fong
  • Li, Fei

Abstract

This study examines the total factor productivity (TFP) change of the UK airport industry from 2001 to 2009 using a Hicks-Moorsteen index method. The results show that the industry experienced an average annual growth in TFP of 0.32 per cent with efficiency change being the main contributor to the TFP growth. We find that private UK airports enjoy slightly higher TFP growth than those in public or mixed ownership. Regulation and airport size are found to have statistically significant effects on the airport productivity level.

Suggested Citation

  • See, Kok Fong & Li, Fei, 2015. "Total factor productivity analysis of the UK airport industry: A Hicks-Moorsteen index method," Journal of Air Transport Management, Elsevier, vol. 43(C), pages 1-10.
    • Handle: RePEc:eee:jaitra:v:43:y:2015:i:c:p:1-10
    DOI: 10.1016/j.jairtraman.2014.12.001
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    Cited by:

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    2. Neves Bezerra de Melo, Felipe Luiz & Sampaio, Raquel Menezes Bezerra & Sampaio, Luciano Menezes Bezerra, 2018. "Efficiency, productivity gains, and the size of Brazilian supermarkets," International Journal of Production Economics, Elsevier, vol. 197(C), pages 99-111.
    3. Mohammadian, Isaac & Jahangoshai Rezaee, Mustafa, 2020. "A new decomposition and interpretation of Hicks-Moorsteen productivity index for analysis of Stock Exchange companies: Case study on pharmaceutical industry," Socio-Economic Planning Sciences, Elsevier, vol. 69(C).
    4. Graham, Prof Anne, 2020. "Airport privatisation: A successful journey?," Journal of Air Transport Management, Elsevier, vol. 89(C).
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    7. Muslim, Syed Askari & Ahmad, Yasir & Abbas, Shahbaz, 2024. "Is it worthwhile to manage airport efficiency through privatization in a developing country? A case study of Pakistani airports," Journal of Air Transport Management, Elsevier, vol. 115(C).

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    More about this item

    Keywords

    Productivity growth; UK airports; Hicks-Moorsteen index;
    All these keywords.

    JEL classification:

    • D21 - Microeconomics - - Production and Organizations - - - Firm Behavior: Theory
    • L32 - Industrial Organization - - Nonprofit Organizations and Public Enterprise - - - Public Enterprises; Public-Private Enterprises

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