by: Dr. Robert Malina and Christoph Wollersheim
In most countries, the majority of airports depend on public funding. Local politicians, airport managers and other advocates of regional aviation habitually justify their intentions by referring to studies that demonstrate the importance of the particular airport for the regional economy. There does not seem to be a clear consensus. In this paper, we therefore analyze the strengths and weaknesses of the three major approaches and their applicability to the quantification of the economic impact of airports.
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