ECONOMIC IMPACTS OF TRANSPORTATION INVESTMENTS: THE CASE OF FEDERAL EXPRESS
This paper examines and compares two approaches to estimating the economic benefits of an air cargo hub facility on a local economy. Four medium-sized midwestern local economies are studies: Indianapolis, where an expansion of Federal Express operations is underway and an even greater expansion is proposed; Memphis, where Federal Express has their primary hub; Louisville, where UPS located their air cargo hub; and Cincinnati, where DHL located an air cargo hub and Delta located a passenger hub. For large air cargo hubbing facilities, the two approaches tested -- input-output analysis and econometric modeling -- appear to yield systematically different results. While further research is needed, these differences suggest that in the case of air cargo hubs, widely used methods of input-output analysis may fail to capture some of the important economic development benefits.
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Corporate Authors:
Transportation Research Forum
11250-8 Roger Bacon Drive, Suite 8
Reston, VA United States 20190 -
Authors:
- Oster, C V
- Rubin, B M
- Strong, J S
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Conference:
- Transportation Research Forum, 37th Annual Conference, 2 Volumes
- Location: Chicago, Illinois
- Date: 1995-10-19 to 1995-10-21
- Publication Date: 1995
Language
- English
Media Info
- Pagination: p. 627-638
Subject/Index Terms
- TRT Terms: Air cargo; Economic impacts; Hubs; Input output models
- Identifier Terms: FedEx Corporation
- Geographic Terms: Midwestern States
- Subject Areas: Aviation; Economics; Freight Transportation; Highways; Planning and Forecasting; I10: Economics and Administration;
Filing Info
- Accession Number: 00726854
- Record Type: Publication
- Report/Paper Numbers: Volume 2
- Files: TRIS
- Created Date: Oct 18 1996 12:00AM