The Impact of Airport to the Economy

University essay from Lunds universitet/Ekonomisk-historiska institutionen

Abstract: The role of commercial aviation and economy in common perception, having a new airport is a new signal of the development in a region. It brings prosperity and creates development blocks to facilitate the growing aeropolis. At least, 4.5 percent of the world’s GDP is contributed by the emergence of airports and aviation industries. However, there are many societal, environmental, and economic drawbacks to be looked upon. This mode of transportation consists many hidden costs and it is a burden for institutions to invest on issues of mending the consequences produced by aviation, largely noise and air pollutions are the main the social costs. Societies are benefitting from the existing of airport but at the same time are they also being deteriorated by it. Nevertheless, preliminary findings from the secondary analysis in this article revealed that there is no clear linkage of negative impact of aviation, and the consequences did not exceed the economic gains as the industry continues to develop along with the technological advances that could have prevailed in the near future.

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