DOI QR코드

DOI QR Code

비항공수익이 공항사용료에 미치는 영향: 민간지분의 조절효과를 중심으로

Effects of Non-aeronautical Revenue on Airport Charges: Moderation of Private Ownership

  • 신태진 (인천국제공항공사 공항산업기술연구원) ;
  • 노태우 (순천향대학교 국제통상학과)
  • Shin, Taejin (Airport Industry Technology Research Institute, Incheon Int'l Airport Corporation) ;
  • Roh, Taewoo (Department of International Trade and Commerce, Soonchunhyang University)
  • 투고 : 2019.07.02
  • 심사 : 2019.09.20
  • 발행 : 2019.09.28

초록

본 연구는 인천공항의 비항공수익 비중이 과연 지나치게 높은 것인가라는 연구 질문에서 출발하게 되었다. 공항의 전통적 비즈니스 모델에 기반 한 항공수익은 여러 규제로 인해 성장의 한계를 가지고 있지만, 경쟁력 향상을 고민하는 공항운영주체들에 의해 비항공수익 증대에 대한 관심이 커지고 있다. 본 연구에서는 공항의 비항공수익이 공항사용료에 미치는 영향을 다루고 있으며, 공항산업의 핵심이슈 중 하나인 민영화 요인을 연구에 반영하였다. 또한, 인천공항 단일 사례가 아닌 전 세계 178개 공항을 대상으로 실증 분석하였다. 연구결과 국제공항의 비항공수익 비중이 높을수록 공항사용료는 낮아지는 것으로 나타났으며, 민간지분율은 비항공수익 비중과 공항사용료 간의 인과관계를 양(+)의 방향으로 조절하였다. 이는 공항의 민영화 추진이 상업 활동 증대를 통한 공항사용료 감소효과를 상쇄하는 결과를 초래할 수 있는 것으로 해석할 수 있다. 조절효과에 대한 가설검증은 그림으로 이해하기 쉽도록 도표로 제시하였다.

This study started with the question of whether the percentage of non-aeronautical revenues at Incheon airport was extremely high when compared with other international airports. Although aeronautical revenues for the airport based on the traditional business model have the limits to grow due to various regulations, stakeholders concerned about improving the competitiveness recently have been interested in increasing non-aeronautical revenues. This study deals with the effect of non-aeronautical revenues at international airports on airport charges as the extent of airport privatization get stronger. To examine hypotheses, we collected international data from trustful sources. Finally, we conducted an empirical analysis of 178 airports worldwide. As a result, the higher the percentage of non-aeronautical revenues at international airports, the lower the airport charges were. Besides, the private equity ratio positively moderated the relationship between the percentage of non-aeronautical revenues and airport charges. Privatization of airports may offset the effects of reduced airport charges through increased commercial activity. Graphical display for moderation effect is offered to facilitate comprehension.

키워드

참고문헌

  1. A. Graham. (2009). How Important Are Commercial Revenues to Today's Airports? Journal of Air Transport Management, 15(3), 106-111. https://doi.org/10.1016/j.jairtraman.2008.11.004
  2. V. Fasone, L. Kofler & R. Scuderi. (2016). Business Performance of Airports: Non-Aviation Revenues and Their Determinants. Journal of Air Transport Management, 53, 35-45. https://doi.org/10.1016/j.jairtraman.2015.12.012
  3. D. Starkie. (2002). Airport Regulation and Competition. Journal of Air Transport Management, 8(1), 63-72. https://doi.org/10.1016/S0969-6997(01)00015-1
  4. G. Bel & X. Fageda. (2010). Privatization, Regulation and Airport Pricing: An Empirical Analysis for Europe. Journal of Regulatory Economics, 37(2), 142-161. https://doi.org/10.1007/s11149-009-9110-7
  5. K. Van Dender. (2007). Determinants of Fares and Operating Revenues at US Airports. Journal of Urban Economics, 62(2), 317-336. https://doi.org/10.1016/j.jue.2006.09.001
  6. D. C. Aude Ferrand, Joseph Huber, Patrick Lucas, Tanja Dik, Tomasz Lenart. (2019. 6. 20). Everyone's Talking About How to Enhance Non-Aeronautical Revenue. International Airport Review. https://www.internationalairportreview.com/article/94339/non-aeronautical-revenues-airport-health/
  7. P. Belobaba, A. Odoni & C. Barnhart. (2015). The Global Airline Industry. New York: John Wiley & Sons.
  8. V. Bilotkach, J. A. Clougherty, J. Mueller & A. Zhang. (2012). Regulation, Privatization, and Airport Charges: Panel Data Evidence from European Airports. Journal of Regulatory Economics, 42(1), 73-94. https://doi.org/10.1007/s11149-011-9172-1
  9. G. Del Chiappa, J. C. Martin & C. Roman. (2016). Service Quality of Airports' Food and Beverage Retailers. A Fuzzy Approach. Journal of Air Transport Management, 53, 105-113. https://doi.org/10.1016/j.jairtraman.2016.02.002
  10. M. Yokomi, P. Wheat & J. Mizutani. (2017). The Impact of Low Cost Carriers on Non-Aeronautical Revenues in Airport: An Empirical Study of UK Airports. Journal of Air Transport Management, 64, 77-85. https://doi.org/10.1016/j.jairtraman.2017.06.028
  11. G. J. Werden, A. S. Joskow & R. L. Johnson. (1991). The Effects of Mergers on Price and Output: Two Case Studies from the Airline Industry. Managerial and Decision Economics, 12(5), 341-352. https://doi.org/10.1002/mde.4090120502
  12. E. H. Kim & V. Singal. (1993). Mergers and Market Power: Evidence from the Airline Industry. The American Economic Review, 83(3), 549-569.
  13. J. K. Brueckner, N. J. Dyer & P. T. Spiller. (1992). Fare Determination in Airline Hub-and-Spoke Networks. The Rand Journal of Economics, 23(3), 309-333. https://doi.org/10.2307/2555865
  14. A. Zhang & Y. Zhang. (1997). Concession Revenue and Optimal Airport Pricing. Transportation Research Part E: Logistics and Transportation Review, 33(4), 287-296. https://doi.org/10.1016/S1366-5545(97)00029-X
  15. U. Kratzsch & G. Sieg. (2011). Non-Aviation Revenues and Their Implications for Airport Regulation. Transportation Research Part E: Logistics and Transportation Review, 47(5), 755-763. https://doi.org/10.1016/j.tre.2011.02.010
  16. A. I. Czerny. (2006). Price-Cap Regulation of Airports: Single-Till Versus Dual-Till. Journal of Regulatory Economics, 30(1), 85-97. https://doi.org/10.1007/s11149-006-0010-9
  17. L. J. Basso & A. Zhang. (2008). Sequential Peak-Load Pricing: The Case of Airports and Airlines. Canadian Journal of Economics/Revue canadienne d'economique, 41(3), 1087-1119. https://doi.org/10.1111/j.1540-5982.2008.00497.x
  18. H. Yang & A. Zhang. (2011). Price-Cap Regulation of Congested Airports. Journal of Regulatory Economics, 39(3), 293-312. https://doi.org/10.1007/s11149-010-9142-z
  19. Air Transport Research Society. (2018). Airport Benchmarking Report: The Global Standard for Airport Excellence. Canada: University of British Columbia.
  20. World Bank. World Bank Open Data. Retrieved from https://data.worldbank.org/
  21. T. H. Oum, C. Yu & X. Fu. (2003). A Comparative Analysis of Productivity Performance of the World's Major Airports: Summary Report of the ATRS Global Airport Benchmarking Research Report-2002. Journal of Air Transport Management, 9(5), 285-297. https://doi.org/10.1016/S0969-6997(03)00037-1
  22. T. H. Oum & C. Yu. (2004). Measuring Airports' Operating Efficiency: A Summary of the 2003 ATRS Global Airport Benchmarking Report. Transportation Research Part E: Logistics and Transportation Review, 40(6), 515-532. https://doi.org/10.1016/j.tre.2004.08.002
  23. J. F. Hair, W. C. Black, B. J. Babin, R. E. Anderson & R. L. Tatham. (2006). Multivariate Data Analysis. Uppersaddle River, NJ: Pearson Prentice Hall.
  24. S. H. Choi (2019). Exports Trends by Major Ports. Airports and Future Development Direction. Journal of the Korea Convergence Society, 10(1), 177-186. https://doi.org/10.15207/jkcs.2019.10.1.177