THE ECONOMIC IMPACT OF A MAJOR AIRPORT
This paper describes a model to forecast the economic impact of an airport. The methodology involves five parts. These include the following models and methodologies, to: predict the direct jobs of an airport (the jobs at the airport, itself, including airline jobs, airport and freight forwarding jobs and related retail/service jobs); estimate the number of indirect jobs (the jobs created by air visitors to the region--including hotel, retail, convention and business jobs); forecast the number of induced jobs (multiplier effect of jobs throughout the region and the economic impact of all jobs); estimate the number of jobs attracted to the airport environment for reasons of proximity (catalytic jobs); determine the residential distribution of the job holders throughout the region. In addition, generally accepted formulas of the construction industry are utilized to estimate construction jobs. It is concluded that considerable job growth can be expected to cluster around most of the approximately 30 major hub airports serving the nation's metropolitan areas. The few that are landlocked will see flights - and jobs - transferred to new facilities.
- This working paper is based on research undertaken as part of the Illinois-Indiana Regional Airport Study and its predecessor study, Chicago Airport Capacity Study, both under contract to the Illinois Department of Transportation.
Urban Land Institute625 Indiana Avenue, NW, Suite 400
Washington, DC United States 20004
- al Chalabi, M
- Publication Date: 1993-7
- Features: Appendices; Tables;
- Pagination: 50 p.
- TRT Terms: Air transportation; Airports; Economic forecasting; Economic growth; Economic impacts; Jobs
- Subject Areas: Aviation; Economics; Terminals and Facilities;
- Accession Number: 00723511
- Record Type: Publication
- Report/Paper Numbers: Paper 622
- Files: TRIS
- Created Date: Jul 4 1996 12:00AM