JAPANESE-AIRPORT BENCHMARKING WITH THE DEA AND ENDOGENOUS-WEIGHT TFP METHODS: TESTING THE CRITICISM OF OVERINVESTMENT IN JAPANESE REGIONAL AIRPORTS
JAPANESE-AIRPORT BENCHMARKING WITH THE DEA AND ENDOGENOUS-WEIGHT TFP METHODS: TESTING THE CRITICISM OF OVERINVESTMENT IN JAPANESE REGIONAL AIRPORTS
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DOI:
10.1016/j.tre.2004.08.003
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发表时间:
2004-11
影响因子:
10.6
通讯作者:
Y. Yoshida;H. Fujimoto
中科院分区:
文献类型:
--
作者:
Y. Yoshida;H. Fujimoto
As aviation demand increased constantly along with the rapid economic growth in Japan and surrounding East Asian countries over the last several decades, Japanese government promoted airport construction since 1950s. However, the recent change in the economic background has made rise to a criticism toward the inefficient public investment, especially the transportation infrastructure. In this criticism, it has been argued that some of the small regional airports are indeed suffering the issue of overinvestment. Thus this paper attempts to verify the validity of such criticism by statistically measuring the efficiency of Japanese airports and conducting comparative analysis. For this objective, the paper employs two distinct methods namely data-envelopment analysis and endogenous-weight TFP methods. The results from these methods consistently indicates that the efficiency of regional airports in mainland Japan are lower than others, and that those airports constructed in the 1990s are relatively inefficient.