Table 4 Translog function (2009–2013)...

Table 4

Translog function (2009–2013)

Frontier	Coef	Std. Error	z	p > z
LnCommercial	−0.097	0.050	−1.930	0.054
LnPAX	−0.276	0.034	−8.110	0.000
LnATM	−0.068	0.071	−0.960	0.338
LnCargo	−0.058	0.011	−5.210	0.000
LnAirsideAssets	0.010	0.007	1.360	0.175
LnLandsideAssets	−0.011	0.010	−1.130	0.259
LnOperating	0.669	0.123	5.420	0.000
½LnCommercial²	0.107	0.021	5.180	0.000
½LnPAX²	−0.015	0.013	−1.170	0.244
½LnATM²	0.056	0.061	0.910	0.363
½LnCargo²	0.004	0.003	1.450	0.147
½LnAirsideAssets²	−0.001	0.001	−0.690	0.488
½LnLandsideAssets²	−0.001	0.001	−0.690	0.489
½LnOperating²	−0.103	0.124	−0.820	0.409
½LnCommercialLnPAX	−0.190	0.032	−5.900	0.000
½LnCommercialLnATM	0.004	0.055	0.070	0.943
½LnCommercialLnCargo	−0.050	0.012	−4.060	0.000
½LnPAXLnATM	0.067	0.026	2.610	0.009
½LnPAXLnCargo	0.024	0.012	2.010	0.045
½LnATMLnCargo	−0.011	0.023	−0.470	0.637
LnAirsideAssetsLnOperatingCosts	−0.002	0.019	−0.080	0.935
LnLandsideAssetsLnOperatingCosts	0.031	0.014	2.230	0.026
LnAirsideAssetsLnLandsideAssets	0.000	0.001	−0.250	0.800
LnCommercialLnOperating	0.062	0.046	1.340	0.182
LnPAXLnOperating	0.004	0.024	0.160	0.870
LnATMLnOperating	0.003	0.058	0.060	0.953
LnCargoLnOperating	−0.011	0.017	−0.650	0.518
LnCommercialLnAirsideAssets	0.002	0.004	0.530	0.595
LnPAXLnAirsideAssets	−0.006	0.004	−1.480	0.140
LnATMLnAirsideAssets	−0.002	0.006	−0.250	0.802
LnCargoLnAirsideAssets	0.002	0.001	1.610	0.107
LnCommercialLnLandsideAssets	−0.010	0.004	−2.480	0.013
LnPAXLnLandsideAssets	0.005	0.003	1.870	0.061
LnATMLandsideAssets	0.006	0.005	1.160	0.246
LnCargoLnLandsideAssets	0.000	0.001	0.020	0.986
Fixed Effect Barcelona	−0.678	0.162	−4.200	0.000
Fixed Effect Madrid Barajas	−0.929	0.187	−4.970	0.000
Fixed Effect Malaga	−0.495	0.086	−5.760	0.000
Fixed Effect Palma de Mallorca	−0.321	0.106	−3.040	0.002
Fixed Effect Huesca-Pirineos	0.496	0.105	4.740	0.000
Fixed Effect Vitoria	−0.659	0.208	−3.170	0.002
Constant	0.543	0.086	6.310	0.000
Inefficiency (Mu)
Capacity Utilisation	0.2518	0.106	2.38	0.017
Catchment Area	0.002	0.043	0.05	0.962
PSOs	0.185	0.121	1.52	0.129
Rail	0.485	0.152	3.19	0.001
Constant	−0.954	0.544	−1.75	0.080
U sigma Constant	−2.811	0.392	−7.17	0.000
V sigma Constant	−4.884	0.405	−12.06	0.000
Sigma_u $(σ_{u})$	0.245	0.048	5.10	0.000
Sigma_v $(σ_{v})$	0.087	0.018	4.94	0.000
Lambda	2.818	0.052	53.99	0.000

Frontier	Coef	Std. Error	z	p > z
LnCommercial	−0.097	0.050	−1.930	0.054
LnPAX	−0.276	0.034	−8.110	0.000
LnATM	−0.068	0.071	−0.960	0.338
LnCargo	−0.058	0.011	−5.210	0.000
LnAirsideAssets	0.010	0.007	1.360	0.175
LnLandsideAssets	−0.011	0.010	−1.130	0.259
LnOperating	0.669	0.123	5.420	0.000
½LnCommercial²	0.107	0.021	5.180	0.000
½LnPAX²	−0.015	0.013	−1.170	0.244
½LnATM²	0.056	0.061	0.910	0.363
½LnCargo²	0.004	0.003	1.450	0.147
½LnAirsideAssets²	−0.001	0.001	−0.690	0.488
½LnLandsideAssets²	−0.001	0.001	−0.690	0.489
½LnOperating²	−0.103	0.124	−0.820	0.409
½LnCommercialLnPAX	−0.190	0.032	−5.900	0.000
½LnCommercialLnATM	0.004	0.055	0.070	0.943
½LnCommercialLnCargo	−0.050	0.012	−4.060	0.000
½LnPAXLnATM	0.067	0.026	2.610	0.009
½LnPAXLnCargo	0.024	0.012	2.010	0.045
½LnATMLnCargo	−0.011	0.023	−0.470	0.637
LnAirsideAssetsLnOperatingCosts	−0.002	0.019	−0.080	0.935
LnLandsideAssetsLnOperatingCosts	0.031	0.014	2.230	0.026
LnAirsideAssetsLnLandsideAssets	0.000	0.001	−0.250	0.800
LnCommercialLnOperating	0.062	0.046	1.340	0.182
LnPAXLnOperating	0.004	0.024	0.160	0.870
LnATMLnOperating	0.003	0.058	0.060	0.953
LnCargoLnOperating	−0.011	0.017	−0.650	0.518
LnCommercialLnAirsideAssets	0.002	0.004	0.530	0.595
LnPAXLnAirsideAssets	−0.006	0.004	−1.480	0.140
LnATMLnAirsideAssets	−0.002	0.006	−0.250	0.802
LnCargoLnAirsideAssets	0.002	0.001	1.610	0.107
LnCommercialLnLandsideAssets	−0.010	0.004	−2.480	0.013
LnPAXLnLandsideAssets	0.005	0.003	1.870	0.061
LnATMLandsideAssets	0.006	0.005	1.160	0.246
LnCargoLnLandsideAssets	0.000	0.001	0.020	0.986
Fixed Effect Barcelona	−0.678	0.162	−4.200	0.000
Fixed Effect Madrid Barajas	−0.929	0.187	−4.970	0.000
Fixed Effect Malaga	−0.495	0.086	−5.760	0.000
Fixed Effect Palma de Mallorca	−0.321	0.106	−3.040	0.002
Fixed Effect Huesca-Pirineos	0.496	0.105	4.740	0.000
Fixed Effect Vitoria	−0.659	0.208	−3.170	0.002
Constant	0.543	0.086	6.310	0.000
Inefficiency (Mu)
Capacity Utilisation	0.2518	0.106	2.38	0.017
Catchment Area	0.002	0.043	0.05	0.962
PSOs	0.185	0.121	1.52	0.129
Rail	0.485	0.152	3.19	0.001
Constant	−0.954	0.544	−1.75	0.080
U sigma Constant	−2.811	0.392	−7.17	0.000
V sigma Constant	−4.884	0.405	−12.06	0.000
Sigma_u $(σ_{u})$	0.245	0.048	5.10	0.000
Sigma_v $(σ_{v})$	0.087	0.018	4.94	0.000
Lambda	2.818	0.052	53.99	0.000

Source(s): Own elaboration

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