Economics & Sociology

ISSN: 2071-789X eISSN: 2306-3459 DOI: 10.14254/2071-789X
Index PUBMS: f5512f57-a601-11e7-8f0e-080027f4daa0
Article information
Title: Impact of Investment Activity on European Regional Airports Performance
Issue: Vol. 7, No 3, 2014
Published date: 20-09-2014 (print) / 20-09-2014 (online)
Journal: Economics & Sociology
ISSN: 2071-789X, eISSN: 2306-3459
Authors: Sławomir Kalinowski
Keywords: airport performance, airport investment projects, deregulation of the air transport
DOI: 10.14254/2071-789X.2014/7-3/3
Index PUBMS: 1fe908cf-aa13-11e7-8eae-080027f4daa0
Language: English
Pages: 40-50 (11)
JEL classification: L25
Website: https://www.economics-sociology.eu/?277,en_impact-of-investment-activity-on-european-regional-airports-performance
Abstract

The accession of ten new countries into the structures of the European Union in May 2004 resulted in their airspaces being covered by the Open Skies agreements. Deregulation and the entry of low cost carriers into these markets contributed to dynamic growth in the air traffic, which most strongly influenced the operations of regional airports. Growing passenger air transport market resulted in an investment projects which enlarged the capacity of the airports. The theory states that after the investment projects have been introduced, there should appear a fall in airports efficiency in a short term perspective. The scale of airport projects oversize the demand just after the project (a new terminal or a new runway). The principal aim of this paper is to examine the impact of investment projects on the efficiency of regional airports in Poland, Czech Republic and Slovakia. The German airports’ projects were analysed as the benchmark.