ECONOMIC IMPACT OF AIRPORT INVESTMENT AND USE IN NORTH CAROLINA

This paper seeks to answer the questions: does airport investment and use have any perceptible general impact on area economies? If so what are its dimensions? A quantitative approach (which would investigate the statistical relationship between regional economic or activity levels in the airport service area and measures of airport investment or aviation activity) was used to analyze the economic impact in this study. It was hypothesized that the variations in aviation investment and activity could explain variations at the county level of economic growth and activity. The statistical relationship was established and measured by a cross-sectional analysis of the 100 counties in North Carolina in 3 separate analyses. The first 2 of these analyses employed per capita retail sales as the dependent variable of economic growth. In these long-run analyses, the incremental investment was related to the change in per capita sales over time. Third analysis used total retail sales as the dependent variable measuring the level of economic activity. The analysis attempted to assess the relative impact of the aviation variables on retail sales in any one year when other explanatory variables (population and employment) were included in the equation. Although the impact of airport investment is too small to be identified in any one year, over a long period, there appears to be a positive relationship between airport investment and economic growth. The payout of airport investment for North Carolina over the period tested (1958-1969) equated to 3.8 percent of the total economic growth as measured by the change in retail sales per capita.

• Availability:
  • Find a library where document is available. Order URL: http://worldcat.org/oclc/1588960
• Corporate Authors:

  American Society of Traffic and Transportation

  547 West Jackson Boulevard
  Chicago, IL  United States  60606
• Authors:
  • Martin, J N
• Publication Date: 1972-4

Media Info

• Features: Tables;
• Pagination: p. 46-52
• Serial:
  • Transportation Journal
  • Volume: 11
  • Issue Number: 3
  • Publisher: American Society of Transportation and Logistics
  • ISSN: 0041-1612
  • Serial URL: https://scholarlypublishingcollective.org/psup/transportation-journal

Subject/Index Terms

• TRT Terms: Airports; Economic analysis; Economic development; Economic impacts; Employment; Investments; Population; Regional planning; Retail trade
• Subject Areas: Aviation; Economics; Society; Terminals and Facilities;

Filing Info

• Accession Number: 00155696
• Record Type: Publication
• Source Agency: Massachusetts Institute of Technology
• Files: TRIS
• Created Date: Aug 31 1977 12:00AM