Pg. Hooper et Da. Hensher, MEASURING TOTAL FACTOR PRODUCTIVITY OF AIRPORTS - AN INDEX NUMBER APPROACH, TRANSPORTATION RESEARCH PART E-LOGISTICS AND TRANSPORTATION REVIEW, 33(4), 1997, pp. 249-259
There is an increasing trend towards corporatisation and privatisation
of airports in an effort to improve performance. However, the normal
financial reporting requirements associated with these forms of organi
sation are not sufficient indicators of the performance of airports si
nce profitability can be more a function of the exercise of market pow
er than a sign of productive efficiency. Also, there are concerns that
efforts to regulate the prices charged by airports can result in unde
r-investment and declining service standards. This makes it important
to monitor the cost-efficiency, cost-effectiveness and service-effecti
venes of airports. There is a growing literature on these topics, but
so far there has been little attempt to apply the concepts of total fa
ctor productivity to the airport sector. We use a non-parametric index
number method to illustrate how such a global measure can be used to
investigate the role of disaggregated performance measures that often
are very useful to managers and to those monitoring airport operations
. (C) 1997 Elsevier Science Ltd. All rights reserved.