Determinants of car parking revenues: An econometric analysis of large European airports

IF 3.9 2区工程技术 Q2 TRANSPORTATION

Journal of Air Transport Management Pub Date : 2024-11-26 DOI:10.1016/j.jairtraman.2024.102690

Wilfred S. Manuela Jr. , Mark Friesen

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引用次数: 0

Abstract

Parking facilities are a major source of commercial revenues for airports. Our paper identifies and analyzes key factors that impact parking revenues and the provision of parking facilities at the 10 largest European airports, based on data from 2011 to 2019. The econometric model consists of two equations due to the endogeneity of the number of parking spaces in the airport ‘parking revenue’ equation. We estimated the system of equations simultaneously using the generalized method of moments based on the Newey-West covariance estimator using the fixed effects model. The results indicate that the number of passengers, parking spaces, and parking fees impact airport parking revenues positively. The airport's catchment population impacts the number of airport parking spaces positively while the availability of alternative parking sites near the airport, the number of bus lines or routes serving the airport, a proxy for the ease of traveling to and from the airport, and an ownership structure that is majority private-owned tend to impact the number of parking spaces negatively.

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停车场收入的决定因素：对欧洲大型机场的计量经济学分析

停车设施是机场商业收入的主要来源。我们的论文基于 2011 年至 2019 年的数据，识别并分析了影响欧洲 10 大机场停车收入和停车设施供应的关键因素。由于机场 "停车收入 "方程中停车位数量的内生性，计量经济学模型由两个方程组成。我们使用基于纽威-韦斯特协方差估计器的广义矩法，同时使用固定效应模型对方程系统进行了估计。结果表明，旅客人数、停车位和停车费对机场停车收入有正向影响。机场的覆盖人口数量对机场停车位数量有正向影响，而机场附近是否有其他停车地点、为机场提供服务的公交线路数量、来往机场的便利程度以及私人所有占多数的所有权结构则对停车位数量有负向影响。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

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来源期刊

Journal of Air Transport Management TRANSPORTATION-

CiteScore

12.40

自引率

11.70%

发文量

期刊介绍： The Journal of Air Transport Management (JATM) sets out to address, through high quality research articles and authoritative commentary, the major economic, management and policy issues facing the air transport industry today. It offers practitioners and academics an international and dynamic forum for analysis and discussion of these issues, linking research and practice and stimulating interaction between the two. The refereed papers in the journal cover all the major sectors of the industry (airlines, airports, air traffic management) as well as related areas such as tourism management and logistics. Papers are blind reviewed, normally by two referees, chosen for their specialist knowledge. The journal provides independent, original and rigorous analysis in the areas of: • Policy, regulation and law • Strategy • Operations • Marketing • Economics and finance • Sustainability