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Title: Beyond pure public and pure private management models: Partial privatization in the European airport industry
Author: Albalate, Daniel, 1980-
Bel i Queralt, Germà, 1963-
Fageda, Xavier, 1975-
Keywords: Política de transports
Infraestructures (Transport)
Política industrial
Transportation and state
Transportation buildings
Industrial policy
Issue Date: 1-Sep-2014
Publisher: Taylor and Francis
Abstract: The use of private funding and management is enjoying an increasing trend in airports. The literature has not paid enough attention to the mixed management models in this industry, although many European airports take the form of mixed public-private companies, where ownership is shared between public and private sectors. We examine the determinants of the degree of private participation in the European airport sector. Drawing on a sample of the 100 largest European airports, we estimate a multivariate equation in order to determine the role of airport characteristics, fiscal variables, and political factors on the extent of private involvement. Our results confirm the alignment between public and private interests in partially privatized airports. Fiscal constraints and market attractiveness promote private participation. Integrated governance models and the share of network carriers prevent the presence of private ownership, while the degree of private participation appears to be pragmatic rather than ideological.
Note: Versió postprint del document publicat a: 10.1080/10967494.2014.935234
It is part of: International Public Management Journal, 2014, vol. 17, num. 3, p. 308-327
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ISSN: 1096-7494
Appears in Collections:Articles publicats en revistes (Econometria, Estadística i Economia Aplicada)

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