Assessing the economic impact of the closure of Ninoy Aquino International Airport caused by Xiamen Air Flight 8667: A dynamic inoperability input-output approach

College

Gokongwei College of Engineering

Department/Unit

Civil Engineering

Document Type

Article

Source Title

Philippine Transportation Journal

Volume

3

Issue

1

First Page

34

Last Page

44

Abstract

Aviation incidents, especially when occurred within the vicinity of an airport, can cause, at least, its partial closure. This puts a strain not only on the aviation sector but to other sectors as well. Several incidents outside of the Philippines estimate the impact of airport closures through airlines’ lost revenue, compensation, or welfare costs. However, these do not include forward linkages and to the country’s economy overall. Using a dynamic inoperability input-output model, we estimate the economic impact of the runway closure of Ninoy Aquino International Airport caused by the crash landing of XiamenAir Flight 8867 in 2018 to the Philippine economy. Using this approach, the government can develop improvements in policies that will make fines and penalties commensurate to the opportunity cost that these incidences bring about to the economy.

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Disciplines

Transportation Engineering

Keywords

International airports—Economic aspects —Philippines; International airports—Accidents—Philippines; Ninoy Aquino International Airport (Philippines)

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