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El. knyga: Efficiency and Competitiveness of International Airlines

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  • Formatas: PDF+DRM
  • Išleidimo metai: 18-May-2016
  • Leidėjas: Springer Verlag, Singapore
  • Kalba: eng
  • ISBN-13: 9789811010170
Kitos knygos pagal šią temą:
Efficiency and Competitiveness of International AirlinesDidesnis paveikslėlis
  • Formatas: PDF+DRM
  • Išleidimo metai: 18-May-2016
  • Leidėjas: Springer Verlag, Singapore
  • Kalba: eng
  • ISBN-13: 9789811010170
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This book focuses on the factors that support the strengths of international airlines in general and the Asian airline carriers in particular. Defining the quality of human capital as the level of education and the competence of airline employees, it analyzes the efficiency of 39 airlines in various regions, both in terms of production and cost structures. It argues that, despite Asia’s well-developed and globally competitive manufacturing sector, aided by open market practices, its overall service sector still lags far behind more advanced economies. As this does not stop Asia-based carriers from generally being more efficient than their counterparts in Europe and North America, the book investigates how competitiveness analysis of the airline industry can help Asian policymakers better prepare for the liberalization of the service sector, given how crucial this aspect is for the future growth of the Asia-Pacific region. Efficiency and Competitiveness of International Airlines offers a valuable resource for policymakers, airline employees, and researchers and students of microeconomics.

1 Introduction to Efficiency and Competitiveness of International Airlines
1(14)
1.1 Overview of the Airline Industry
1(3)
1.2 Background to Airlines' Competitiveness
4(2)
1.3 The Conceptual Framework
6(1)
1.4 The Objectives
7(2)
1.5 Data and Methodology
9(6)
Appendix 1.1 US Carrier Exit and Entry Dates
10(1)
Appendix 1.2 Airlines and Countries
11(2)
References
13(2)
2 Survey of Studies on Airlines and Their Efficiencies
15(36)
2.1 Efficiency, Productivity, and Factor Use
15(13)
2.1.1 Stochastic Frontier Production and Cost Functions
17(2)
2.1.2 Nonparametric Approaches
19(5)
2.1.3 Malmquist Productivity Analysis
24(1)
2.1.4 Other Performance Measurement Methods
25(3)
2.2 Alliance Formation and Market Liberalization
28(2)
2.3 Market Concentration, Market Power and Competition
30(5)
2.4 Other Issues
35(4)
2.5 The Conclusion
39(12)
Appendix 2.1 Summary of Productivity and Efficiency Studies
40(7)
References
47(4)
3 A Review of the Airline Industry
51(24)
3.1 Terms Related to Air Transportation
51(1)
3.2 Industry Status
52(1)
3.3 Growth of the Airline Industry
53(2)
3.4 Cost Reduction
55(1)
3.5 Airline Industry's Central Role in Globalization
55(3)
3.6 Airlines' Impact on Related Industries
58(1)
3.7 Issues of the Airline Industry
59(1)
3.8 Airlines' Performance
60(4)
3.8.1 The Factors Influencing Airlines' Performance
60(2)
3.8.2 Improving Performance Despite Difficult Conditions
62(1)
3.8.3 Productivity Enhancement
63(1)
3.8.4 Liberalization
63(1)
3.9 Other Issues
64(1)
3.10 Market Structure, Liberalization and Access
65(1)
3.10.1 Current Restrictions and Barriers
65(1)
3.11 Summary of the Airline Industry and Its Evolution
66(9)
Appendix 3.1 The Chicago Convention
66(2)
Appendix 3.2 Freedoms of the Air
68(1)
Appendix 3.3 Abbreviations and Their Definitions
69(3)
References
72(3)
4 Stochastic Frontier Production Function Model Specification and Estimation Results
75(48)
4.1 Introduction
75(1)
4.2 Stochastic Frontier Production Function
76(1)
4.3 Model Specification
77(3)
4.3.1 The Error Components Specification
78(1)
4.3.2 The Technical Efficiency Effects Specification
79(1)
4.4 Data and Variables
80(9)
4.5 Estimation and Analysis of Results
89(22)
4.5.1 Analysis of the Estimation Results
90(10)
4.5.2 Airline Efficiency
100(11)
4.6 Summary and Conclusion
111(12)
Appendix 4.1 Development of Different International Airline Production Efficiency, 1998--2012 (EC Model)
114(2)
Appendix 4.2 Development of Different International Airline Production Efficiency, 1998--2012 (EE Model)
116(2)
Appendix 4.3 Alliance Memberships and Market Data
118(1)
Appendix 4.4 Correlation Matrix of Production Frontier Model Variables
119(1)
References
119(4)
5 Stochastic Frontier Cost Function Model Specification and Estimation Results
123(42)
5.1 Introduction
123(1)
5.2 Model Specification
124(3)
5.3 Data and Variables
127(7)
5.3.1 Operating Costs
127(2)
5.3.2 Explanatory Variables
129(1)
5.3.3 Airlines' Characteristics
130(4)
5.4 Estimation and Analysis of Results
134(21)
5.4.1 Analysis of the Estimation Results
134(7)
5.4.2 Airline Efficiency
141(14)
5.5 Summary and Conclusion
155(10)
Appendix 5.1 Development of Airline Cost Efficiency Over Time Based on the EC Model Specification
157(2)
Appendix 5.2 Development of Airline Cost Efficiency Over Time Based on the EE Model Specification
159(2)
Appendix 5.3 Correlation Matrix of the Determinants of Cost Efficiency Effects
161(1)
References
162(3)
6 Summary, Conclusion, and Policy Recommendations
165(16)
6.1 Summary of Analysis
165(3)
6.2 Policy Implications
168(6)
6.2.1 Airlines Strategy
168(1)
6.2.2 Market Share
169(3)
6.2.3 Airline Prices
172(1)
6.2.4 Domestic Competition
173(1)
6.2.5 Regional Operation Effect
174(1)
6.3 Limitations and Recommendations for Future Research
174(1)
6.4 Conclusion and Policy Recommendations
175(6)
Appendix 6.1 Mean of Air Liberalization Index (ALI) by Countries, 1998--2012
176(2)
Appendix 6.2 Types of Air Services Agreements (ASA)
178(1)
Appendix 6.3 Air Liberalization Index (ALI) Weighting Systems
179(1)
Appendix 6.4 Airlines with Within Airline Operating Status
180(1)
References 181(2)
Index of Authors 183(4)
Index of Subjects 187
Almas Heshmati is a Professor of Economics at Sogang University. He has previously held similar positions at the Korea University, Seoul National University, University of Kurdistan Hawler, RATIO Institute (Sweden), and MTT Agrifood Research (Finland). He was a Research Fellow at the World Institute for Development Economics Research (WIDER), the United Nations University from 2001 to 2004. From 1998 to 2001, he was an Associate Professor of Economics at the Stockholm School of Economics. He has a PhD from the University of Gothenburg (1994), where he held a Senior Researcher position until 1998. His research interests include applied microeconomics, globalization, development strategy, efficiency, productivity, and growth in the context of manufacturing and services. In addition to more than 150 scientific journal articles, he has published books on the EU Lisbon Process, global inequality, East Asian manufacturing, the Chinese economy, technology transfer, information technology, water resources, landmines, power generation, development economics, economic growth, world values and renewable energy. Jungsuk Kim is currently a Senior Researcher at the Institute of International and Areas Studies, Sogang University, Korea and teaches data analysis and economics at both Sogang University and Kyung-Hee University, Korea. She worked for more than 25 years in the airline industry including Korean Air, Cathay Pacific Airways and Asiana Airlines before receiving her PhD in International Trade from Sogang University. Her main fields of research are international trade, microeconomics and development economics.
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