Scipediacontent: Scipediacontent moved page Draft Content 421640447 to Sheard 2019a

2021-02-03T15:32:58Z

Scipediacontent moved page Draft Content 421640447 to Sheard 2019a

Scipediacontent: Created page with " == Abstract == This paper studies how airports affect economic growth in US metropolitan areas. The main finding is that airport size has a positive effect on local employme..."

2021-02-03T15:32:55Z

Created page with " == Abstract == This paper studies how airports affect economic growth in US metropolitan areas. The main finding is that airport size has a positive effect on local employme..."

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== Abstract ==

This paper studies how airports affect economic growth in US metropolitan areas. The main finding is that airport size has a positive effect on local employment, with an elasticity of 0.04. The effect appears to be mostly due to a positive effect on services employment and to be concentrated in parts of the metropolitan area nearer the airport. To further understand how an airport affects the local economy, the effects on several other variables are estimated. Airport size is found to have positive effects on the number of firms, the population size, the rate of employment, and GDP in the local area. The magnitudes of the effects on population and employment suggest that airport expansion creates jobs for both existing residents and migrants to the area. The estimation uses a novel technique to identify the effects of airport infrastructure. It applies instruments for changes in airport size that are calculated from overall changes in air traffic in a set of categories: the airlines, the types of aircraft, or the distances flown. The technique could be adapted to study the effects of other types of infrastructure.

== Original document ==

The different versions of the original document can be found in:

* [http://dx.doi.org/10.1111/ecca.12262 http://dx.doi.org/10.1111/ecca.12262]

* [http://hdl.handle.net/10419/124561 http://hdl.handle.net/10419/124561]

* [https://www.econstor.eu/bitstream/10419/124561/1/ERSA2015_00028.pdf https://www.econstor.eu/bitstream/10419/124561/1/ERSA2015_00028.pdf]

* [https://api.wiley.com/onlinelibrary/tdm/v1/articles/10.1111%2Fecca.12262 https://api.wiley.com/onlinelibrary/tdm/v1/articles/10.1111%2Fecca.12262],
: [http://onlinelibrary.wiley.com/wol1/doi/10.1111/ecca.12262/fullpdf http://onlinelibrary.wiley.com/wol1/doi/10.1111/ecca.12262/fullpdf],
: [http://dx.doi.org/10.1111/ecca.12262 http://dx.doi.org/10.1111/ecca.12262] under the license http://doi.wiley.com/10.1002/tdm_license_1.1

* [https://onlinelibrary.wiley.com/doi/full/10.1111/ecca.12262 https://onlinelibrary.wiley.com/doi/full/10.1111/ecca.12262],
: [https://www.econstor.eu/handle/10419/124561 https://www.econstor.eu/handle/10419/124561],
: [https://ideas.repec.org/a/bla/econom/v86y2019i342p300-335.html https://ideas.repec.org/a/bla/econom/v86y2019i342p300-335.html],
: [http://vuir.vu.edu.au/39592 http://vuir.vu.edu.au/39592],
: [https://academic.microsoft.com/#/detail/2752443240 https://academic.microsoft.com/#/detail/2752443240]

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Sheard 2019a - Revision history

Scipediacontent: Scipediacontent moved page Draft Content 421640447 to Sheard 2019a

Scipediacontent: Created page with " == Abstract == This paper studies how airports affect economic growth in US metropolitan areas. The main finding is that airport size has a positive effect on local employme..."