The effect of low-cost air transportation on the local economy: Evidence from Southern Italy |
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Authors: | Matteo Donzelli |
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Institution: | Public Investment Evaluation Unit, Ministry of Economic Development, Rome, Italy;School of Economics, UCD Dublin, Belfield, Dublin 4, Ireland;Transport Studies Group, Department of Civil and Building, Engineering Loughborough University, Loughborough, Leics LE11 3TU, UK |
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Abstract: | This paper investigates how the entry of low-cost carriers in Southern Italy has supported local and regional economic development in different ways: spreading the traffic demand during the year, increasing the rate of international tourism, generating new jobs and improving the income of the area. The evidence of traffic de-seasonality is quantified by an index, resulting in a decrease to all those airports specialized in low-cost services. Additionally, an assessment shows that the net impact driven by a low-cost route on the local economy is about €14.6 million per year. |
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