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Caio Resende and Thiago Caldeira
''Privatization of Brazilian airports: a synthetic control approach''
( 2020, Vol. 40 No.1 )
This paper evaluates the impact of privatization on commercial revenues of airports. We used a synthetic control methodology to estimate the counterfactual of how commercial revenues from privatized airports in Brazil would have evolved if Infraero - the national public company responsible for operating all major airports in Brazil - continued to operate them. Our results indicate a large, statistically significant and immediate impact in the five airports analyzed. The results were robust to a series of placebo tests.
Keywords: Airports, Privatization, Public infrastructure, Synthetic control method
JEL: L9 - Industry Studies: Transportation and Utilities: General
R4 - Transportation Systems: General
Manuscript Received : May 14 2019 Manuscript Accepted : Mar 07 2020

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