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Rays of Research on Real Estate Development by Jaime Luque

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CHAPTER 19

Public Infrastructures

In collaboration with Matt Cain and Sara Werbeckes

Air travel has far-reaching indirect and direct effects on regional economies. Approximately two million people take commercial flights every day, and a large fraction of consumer products are transported by airplanes. Cities with large populations create and use these products every day to function effectively. Understanding the role that air transport plays in economies can help us gain insight on how infrastructure affects economic growth.

Do some citizens in these large populations create environments for airports to develop, or does the development of airports lead to an increase in population? This classic chicken or the egg problem is what Richard K. Green ...

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