Airport Economics in Latin America and the Caribbean: Benchmarking, Regulation, and Pricing
Traditionally, air transport infrastructure in Latin America and the Caribbean (LAC) was exclusively under government ownership and management. Starting in the late 1990s, several Latin American countries implemented innovative public-private partnerships (PPP) that transferred the financing and management of air transport sector infrastructure to the private sector. This book presents the findings of a first-ever, comprehensive study of how LAC region airports have evolved during this notable period of transition in airport ownership. It is an unbiased, positive analysis of what happened, rather than a normative analysis of what should be done to reform the airport sector or to attract private participation. It takes the first step in response to the need for more conclusive information about the influence of airport ownership on economic performance. The book is centered around the study of three dimensions of performance: productive efficiency, institutional set up for the governance of the sector, and financing of airport PPPs. Using rigorous analytical tools, this book answer a series of key questions to evaluate the introduction of private sector participation in the Latin American airport sector: Are LAC airports technically efficient? How has efficiency evolved in the last decade? Are privately-run airports more efficient than state-operated airports? How do independent regulators compare with government agencies in accountability, transparency, and autonomy? How has the level and structure of aeronautical tariffs changed in recent years? The main audience of this book are air transport practitioners, transport regulators, decisionmakers in transport ministries, and PPP units and academics.
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aeronautical charges Aeronautical Information Publication aeronautical revenues agency’s AIP Nicaragua Airbus A320 aircraft movements airlines airport operators airport regulators airport sector airports in LAC airports privately operated airports publicly operated airports they represent analysis Argentina Asia and Pacific Authority average airport benchmarking boarding bridges Brazil Cancún cargo Caribbean Colombia Concession costs per passenger countries East Asia economic El Salvador Figure IATA included infrastructure inputs International Airport IRAs LAC airports LAC region landing fees Latin America list ofairport codes mean EU mean mean LAC measures Mexico non-IRAs North America number of passengers operated airports publicly operated Source operating costs Panama partial performance indicators Paulo percent privately operated airports productivity ProjectWare regulatory agencies returns to scale Salvador sample Santiago de Chile São Paulo technical efficiency TFPC U.S. dollars variables xxiii