Effects of Competition and Policy Changes on Chinese Airport Productivity: An Empirical Investigation

摘要

This paper investigates the influence of competition and aviation policy reformrn(for example, the airport localization program and listing airports on stock markets) inrnChina on the efficiency of Chinese airports. By using Data Envelopment Analysis, wernestimate both the productivity level and its growth for twenty-five sample Chinesernairports. After controlling for hub status and other airports' characteristics, we find that:rn(i) publicly listed airports are significantly more efficient than non-listed airports; (ii)rnairports with more competition are more efficient than their counterparts; (iii) thernairports' efficiency and the technical progress are positively correlated with the airportrnlocalization program; and (iv) the impacts of “open skies” agreements and airline mergersrnon the airports' efficiency are statistically insignificant.