Page 6 - EUA Study 2013
P. 6
03
Methodology & Objectives
of the Study
Today, airports are considered as important drivers of The Input-Output model measured the total economic
economic and social growth at both the national level impact of AIA as the sum of three separate but
as well as the level of the local communities in which interrelated categories:
they operate. Besides the obvious transportation
benefits, airports substantially contribute to local • Direct impacts which include employment/
enterprises, to various national organisations, as well wages and overall income generated directly by the
as to the consumers in general. operation of the airport (AIA, airlines, concessionaires,
passengers and visitors etc.).
The objectives of this study were to identify and • Indirect impacts which include employment and
measure all the impacts from the operation of the overall economic value generated by business
Athens International Airport to the Greek economy outside the airport but directly linked to its operation
and to the Mesogheia region in terms of job creation, (transportation, travel agents etc.).
wealth generation, economic development, as well as • Induced/multiplier impacts which include multiplier
any other multiplier effects. effects caused by successive rounds of spending
throughout the economy as a result of an airport’s
By following the best international practices, the direct and indirect effects.
scientific team developed and implemented a novel
Econometric Input-Output model to assess the The Input-Output model further measured the total
economic impact of the airport. Data was primarily tourism spending, namely the total tourist traffic that
drawn from AIA databases, the Hellenic Statistical was generated due to the operation of AIA and the
Authority, the Bank of Greece, as well as from other related economic benefit.
reputable and reliable studies of foreign airports and
international organisations.
INDIRECT DIRECT
IMPACTS IMPACTS
INDUCED
Study IMPACTS TOTAL
Methodology TOURISM
IMPACTS
Framework
The next
figure depicts
the methodology
framework
of the study.
TOTAL
IMPACTS
Finally, it should be noted that the study offers an initial assessment of the catalytic impacts
of the airport, representing the effects from the employment and income generated in the economy
by the airport’s wider role in improving productivity and social welfare.
6
Methodology & Objectives
of the Study
Today, airports are considered as important drivers of The Input-Output model measured the total economic
economic and social growth at both the national level impact of AIA as the sum of three separate but
as well as the level of the local communities in which interrelated categories:
they operate. Besides the obvious transportation
benefits, airports substantially contribute to local • Direct impacts which include employment/
enterprises, to various national organisations, as well wages and overall income generated directly by the
as to the consumers in general. operation of the airport (AIA, airlines, concessionaires,
passengers and visitors etc.).
The objectives of this study were to identify and • Indirect impacts which include employment and
measure all the impacts from the operation of the overall economic value generated by business
Athens International Airport to the Greek economy outside the airport but directly linked to its operation
and to the Mesogheia region in terms of job creation, (transportation, travel agents etc.).
wealth generation, economic development, as well as • Induced/multiplier impacts which include multiplier
any other multiplier effects. effects caused by successive rounds of spending
throughout the economy as a result of an airport’s
By following the best international practices, the direct and indirect effects.
scientific team developed and implemented a novel
Econometric Input-Output model to assess the The Input-Output model further measured the total
economic impact of the airport. Data was primarily tourism spending, namely the total tourist traffic that
drawn from AIA databases, the Hellenic Statistical was generated due to the operation of AIA and the
Authority, the Bank of Greece, as well as from other related economic benefit.
reputable and reliable studies of foreign airports and
international organisations.
INDIRECT DIRECT
IMPACTS IMPACTS
INDUCED
Study IMPACTS TOTAL
Methodology TOURISM
IMPACTS
Framework
The next
figure depicts
the methodology
framework
of the study.
TOTAL
IMPACTS
Finally, it should be noted that the study offers an initial assessment of the catalytic impacts
of the airport, representing the effects from the employment and income generated in the economy
by the airport’s wider role in improving productivity and social welfare.
6
