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Airport De-hubbing and International Trade: Evidence from Lombardy by Flavia Cifarelli and Marco Percoco

ABSTRACT


This study aims to evaluate the impact of the de-hubbing of Malpensa Airport, which occurred on 31 March 2008, on regional trade. By using a novel dataset consisting of a panel of 28 European countries and 30 sectors, for which we have data concerning trade from/to Lombardy, we have detected a substantial impact of the
de-hubbing on regional exports, whereas a limited impact was found on imports.
At the sectoral level, the de-hubbing has harmed those sectors that rely more on airfreight to export their products.

FLAVIA CIFARELLI is one-year research grantee, Department of Policy Analysis and Public Management, Bocconi University, Milan. Her interests include economic geography, transport policy and international economics.

MARCO PERCOCO is Associate Professor of Applied Economics, Department of Policy Analysis and Public Management, and CERTeT, Bocconi University, Milan. His research interests are in the fields of transport policy and geography, historical economic geography, policy evaluation and local development. He has published extensively in major transportation and regional studies journals.