Greek Airports – Efficiency Measurement and Analysis of Determinants

This paper presents a performance evaluation of the Greek airports, based on the application of the Data Envelope Analysis (DEA) method for benchmarking their technical efficiency, and the use of non-parametric test and bootstrapped truncated regression for analysis of its determinants. The non-parametric test indicates the critical impact of the seasonality of demand on the performance of Greek airports. The use of bootstrapped regression technique show the statistically significant effect of location, size and operating characteristics on their technical efficiency, signifying the peculiarities of the Greek airport system.

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