Gudmundsson, Sveinn Vidar; Paleari, Stefano; Redondi, Renato - 2014
In this article we assess the growth impact of London Heathrow’s development constraints on other airports in the UK. To test the relationship we use a two-stage methodology yielding an estimate of a congestion spillover effect. Our data are passenger traffic from 1990 to 2012 containing both...