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The Economic Impact of U.S. Airports During the Recession and the Recovery  


Author:  Nick  Larsen.; Chris  Mier.


Source: Volume 33, Number 01, Spring 2012 , pp.59-113(55)




Municipal Finance Journal

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Abstract: 

Airports are essential infrastructure to the economies of their host states, enabling economic activity to occur both among states and between states and countries. Even with the rapid advancement of communication technology in the last quarter century—including videoconferencing, conference calling, and Internet communication—airports continue to move billions of pounds of freight and millions of people faster, or more efficiently, than trucks, trains, or boats. This study addresses the economic impact airports have on their respective state economies, analyzing how various airports were susceptible to changes in the economic business cycle during the recession and recovery.

Keywords:  Specialization of airport activity; employment; economic recovery; revenue generated; passenger service; cargo

Affiliations:  1: Loop Capital Markets LLC; 2: Loop Capital Markets LLC.

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