Sources of airline productivity from carbon emissions: An analysis of operational performance under good and bad outputs

Lee, Boon Liat, Wilson, Clevo, Pasurka, Jr., Carl A., Fujii, Hidemichi, & Managi, Shunsuke (2016) Sources of airline productivity from carbon emissions: An analysis of operational performance under good and bad outputs. Journal of Productivity Analysis. (In Press)

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Abstract

This study incorporates carbon dioxide emissions in productivity measurement in the airline industry and examines the determinants of productivity change. For this purpose a two-stage analysis under joint production of good and bad outputs is employed to compare the operational performance of airlines. In the first stage, productivity index are derived using the Luenberger productivity indicator. In the second stage, productivity change scores derived therefrom are regressed using the random-effects Generalized Least Squares to quantify determinants of productivity change. The paper finds low cost carriers and average number of hours flown per aircraft having a positive impact on productivity under joint production model while demand variable negatively impacts on productivity under market model.

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ID Code: 99495
Item Type: Journal Article
Refereed: Yes
Keywords: Productivity, Luenberger productivity indicator, Pollution abatement, CO2 emissions
DOI: 10.1007/s11123-016-0480-4
ISSN: 1573-0441
Divisions: Current > QUT Faculties and Divisions > QUT Business School
Current > Schools > School of Economics & Finance
Copyright Owner: Copyright 2016 Springer Science+Business Media New York
Copyright Statement: The final publication is available at Springer via http://dx.doi.org/10.1007/s11123-016-0480-4
Deposited On: 22 Sep 2016 22:17
Last Modified: 25 Jan 2017 04:43

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