Anming Zhang

University of British Columbia (UBC) - Sauder School of Business

Professor

2053 Main Mall

Vancouver, BC V6T 1Z2

Canada

  • University of British Columbia (UBC) - Sauder School of Business

SCHOLARLY PAPERS

48

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85

Scholarly Papers (48)

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1.

Airline Economics: An Introductory Survey

Number of pages: 23 Posted: 06 Sep 2017
Anming Zhang and Yahua Zhang
University of British Columbia (UBC) - Sauder School of Business and University of Southern Queensland
Downloads 435 (66,315)

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2.

Single-Till Versus Dual-Till Regulation of Airports

Tinbergen Institute Discussion Paper 15-049/VIII
Number of pages: 17 Posted: 21 Apr 2015
Achim Ingo Czerny and Anming Zhang
Vrije Universiteit Amsterdam, School of Business and Economics and University of British Columbia (UBC) - Sauder School of Business
Downloads 286 (106,990)
Citation 2

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Airport, monopoly, regulation, single till, dual till

3.

Would Allowing Privately Funded Health Care Reduce the Public Waiting Time? Theory and Empirical Evidence from Canadian Joint Replacement Surgery Data

Number of pages: 30 Posted: 30 Sep 2012
Hong Chen, Qu Qian and Anming Zhang
Shanghai Advanced Institute in Finance, Shanghai Jiao Tong University, Shanghai University of Finance and Economics - School of International Business Administration and University of British Columbia (UBC) - Sauder School of Business
Downloads 203 (150,832)

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health care waiting time, elective surgery, health policy, privately funded health service

4.

Single-Till versus Dual-Till Regulation of Airports: Where Do Academics and Regulators (Dis)Agree?

Number of pages: 35 Posted: 20 Feb 2016
Achim Czerny, Cathal Guiomard and Anming Zhang
Hong Kong Polytechnic University - Faculty of Business, DCU Business School, Dublin, Ireland and University of British Columbia (UBC) - Sauder School of Business
Downloads 171 (176,271)
Citation 9

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Airports, regulation, single-till, dual-till, concessions

5.

Determinants of Air Passenger Flows in China and Gravity Model: Deregulation, LCC and High Speed Rail

Number of pages: 29 Posted: 07 May 2016
Yahua Zhang and Anming Zhang
University of Southern Queensland and University of British Columbia (UBC) - Sauder School of Business
Downloads 147 (200,214)
Citation 7

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China airline industry; Gravity model; Multilateral resistance; Low cost carriers; Air traffic; High-speed rail

6.

Airline Emission Charges: Effects on Airfares, Service Quality, and Aircraft Design

CESifo Working Paper Series No. 2547
Number of pages: 37 Posted: 23 Feb 2009
Jan K. Brueckner and Anming Zhang
University of California, Irvine - Department of Economics and University of British Columbia (UBC) - Sauder School of Business
Downloads 138 (210,805)

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emissions, airlines

7.

Effects of Air and High-Speed Rail Transport Integration on Profits and Welfare: The Case of Air-Rail Connecting Time

Xia, W., Zhang, A., 2016. Effects of air and high-speed rail transport integration on profits and welfare: The case of air-rail connecting time. Journal of Air Transport Management, (Forthcoming).
Number of pages: 20 Posted: 14 Nov 2016
Wenyi Xia and Anming Zhang
University of British Columbia (UBC) - Sauder School of Business, Students and University of British Columbia (UBC) - Sauder School of Business
Downloads 133 (217,129)
Citation 3

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Air transport, High-speed rail, Integration, Connecting time, Welfare

8.

Gravity Models in Air Transport Research: A Survey and an Application

Number of pages: 34 Posted: 10 Dec 2016
Yahua Zhang, Faqin Lin and Anming Zhang
University of Southern Queensland, Central University of Finance and Economics (CUFE) - School of Economics and University of British Columbia (UBC) - Sauder School of Business
Downloads 132 (218,486)
Citation 2

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9.

Domestic Rivalry and Export Performance: Theory and Evidence from International Airline Markets

Downloads 131 (219,757)
Citation 2

Domestic Rivalry and Export Performance: Theory and Evidence from International Airline Markets

WZB Discussion Paper No. SP II 2008-12
Number of pages: 37 Posted: 10 Mar 2008
Joseph A. Clougherty and Anming Zhang
University of Illinois at Urbana-Champaign and University of British Columbia (UBC) - Sauder School of Business
Downloads 124 (230,050)

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national champion, rivalry, hypothesis, exports, airlines

Domestic Rivalry and Export Performance: Theory and Evidence from International Airline Markets

Canadian Journal of Economics, Vol. 42, Issue 2, pp. 440-468, May 2009
Number of pages: 29 Posted: 27 Apr 2009
Joseph A. Clougherty and Anming Zhang
University of Illinois at Urbana-Champaign and University of British Columbia (UBC) - Sauder School of Business
Downloads 4 (655,412)
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Domestic Rivalry and Export Performance: Theory and Evidence from International Airline Markets

CEPR Discussion Paper No. DP6871
Number of pages: 23 Posted: 17 Jun 2008
Joseph A. Clougherty and Anming Zhang
University of Illinois at Urbana-Champaign and University of British Columbia (UBC) - Sauder School of Business
Downloads 3 (664,230)
Citation 2
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Airlines, exports, national champion, rivalry hypothesis

10.

Air Transport Development: A Comparative Analysis of China and India

Number of pages: 35 Posted: 16 Dec 2016
Yahua Zhang and Anming Zhang
University of Southern Queensland and University of British Columbia (UBC) - Sauder School of Business
Downloads 114 (243,807)

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11.

Export Orientation and Domestic Merger Policy: Theory and Some Empirical Evidence

Downloads 114 (243,807)
Citation 5

Export Orientation and Domestic Merger Policy: Theory and Some Empirical Evidence

WZB, Markets and Political Economy Working Paper No. SP II 2004-10, Sauder School of Business Working Paper
Number of pages: 44 Posted: 25 Jun 2004
Joseph A. Clougherty and Anming Zhang
University of Illinois at Urbana-Champaign and University of British Columbia (UBC) - Sauder School of Business
Downloads 99 (270,670)
Citation 3

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Open-economy, merger-policy, export-orientation, antitrust

Export Orientation and Domestic Merger Policy: Theory and Some Empirical Evidence

Canadian Journal of Economics, Vol. 38, No. 3, pp. 778-806, August 2005
Number of pages: 29 Posted: 07 Aug 2005
Joseph A. Clougherty and Anming Zhang
University of Illinois at Urbana-Champaign and University of British Columbia (UBC) - Sauder School of Business
Downloads 15 (576,947)
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12.

Can Market Power Be Controlled by Regulation of Core Prices Alone?: An Empirical Analysis of Airport Demand and Car Rental Price

Tinbergen Institute Discussion Paper 15-041/III
Number of pages: 30 Posted: 31 Mar 2015
Achim Ingo Czerny, Zijun (June) Shi and Anming Zhang
Vrije Universiteit Amsterdam, School of Business and Economics, Carnegie Mellon University and University of British Columbia (UBC) - Sauder School of Business
Downloads 111 (248,450)
Citation 2

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Core goods; side goods; airport; monopoly; car rentals

13.

Benefits Assessment of Large Scale High-Speed Rail Network in China: The Effect on Low-Cost Carriers

Number of pages: 36 Posted: 21 Dec 2016
Kun Wang, Wenyi Xia and Anming Zhang
University of British Columbia, Sauder School of Business, Students, University of British Columbia (UBC) - Sauder School of Business, Students and University of British Columbia (UBC) - Sauder School of Business
Downloads 97 (272,471)

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High-speed rail, Air transport, Low cost carriers, Chinese market, Intermodal competition, Propensity score matching, Infrastructure benefits assessment, US market

14.

A General Equilibrium Analysis of Airport Pricing, Capacity and Regulation

Number of pages: 32 Posted: 23 Feb 2016
Yukihiro Kidokoro, Ming Hsin Lin and Anming Zhang
National Graduate Institute for Policy Studies, Osaka University of Economics - Faculty of Economics and University of British Columbia (UBC) - Sauder School of Business
Downloads 91 (283,968)
Citation 1

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Airport pricing; Capacity; Regulation; Non-aeronautical service; Self-financing property; Single- vs. dual-till regulation

15.

Forms of Airport Regulation and Privatization: Effects on Airport Charge, Capacity and Welfare

Number of pages: 48 Posted: 01 Sep 2017
Yukihiro Kidokoro and Anming Zhang
National Graduate Institute for Policy Studies and University of British Columbia (UBC) - Sauder School of Business
Downloads 84 (298,518)

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Price cap regulation, Cost-based regulation, Partial privatization, Full privatization, Aeronautical service, Non-aeronautical service

16.

Connectivity of Intercity Passenger Transportation in China: A Multi-Modal and Network Approach

Number of pages: 44 Posted: 12 Jan 2017 Last Revised: 22 Apr 2017
Zhenran Zhu, Anming Zhang and Yahua Zhang
University of British Columbia (UBC) - Sauder School of Business, University of British Columbia (UBC) - Sauder School of Business and University of Southern Queensland
Downloads 79 (309,685)
Citation 4

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Connectivity, Intercity passenger transportation, Air and rail transport, Node connectivity, Link (route) connectivity

17.

Airline Network Choice and Market Coverage Under High-Speed Rail Competition

Number of pages: 32 Posted: 31 Mar 2016 Last Revised: 19 Jun 2016
Changmin Jiang and Anming Zhang
University of Manitoba - Asper School of Business and University of British Columbia (UBC) - Sauder School of Business
Downloads 71 (329,257)
Citation 6

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High-speed rail, Airline, Network choice, Market coverage, Traffic density, Welfare

18.

A High-Resolution, Yet Scalable Framework for Transport Infrastructure Accessibility Based on Open Big Data

Number of pages: 16 Posted: 09 Sep 2017
Xiaoqian Sun, Sebastian Wandelt and Anming Zhang
Beihang University (BUAA) - School of Electronic and Information Engineering, Beijing Key Laboratory for Network-based Cooperative ATM and University of British Columbia (UBC) - Sauder School of Business
Downloads 64 (347,879)
Citation 2

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Airport, High-speed rail, Big data, accessibility

19.

Internalization of Port Congestion: Strategic Effect Behind Shipping Line Delays and Implications for Terminal Charges and Investment

Number of pages: 20 Posted: 18 Apr 2016
Changmin Jiang, Yulai Wan and Anming Zhang
University of Manitoba - Asper School of Business, Hong Kong Polytechnic University - Department of Logistics and Maritime Studies and University of British Columbia (UBC) - Sauder School of Business
Downloads 63 (350,708)
Citation 2

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port congestion; internalization; shipping line; knock-on effect; terminal charge; terminal investment

20.

Air-Rail Cooperation and Multiple-Airports System: A Revenue-Sharing Mechanism between Air and Rail Sectors

Number of pages: 43 Posted: 03 Mar 2018
Wenyi Xia, Changmin Jiang, Kun Wang and Anming Zhang
University of British Columbia (UBC) - Sauder School of Business, Students, University of Manitoba - Asper School of Business, University of British Columbia, Sauder School of Business, Students and University of British Columbia (UBC) - Sauder School of Business
Downloads 58 (365,395)
Citation 1

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multiple-airports system, high-speed rail, air-rail cooperation, competing and monopolized air sectors, revenue sharing, airport congestion

21.

Market Power and its Determinants in the Chinese Railway Industry

Number of pages: 36 Posted: 18 Jul 2018
Hongchang Li, Kemei Yu, Kun Wang and Anming Zhang
Beijing Jiaotong University, Beijing Jiaotong University - School of Economics and Management, Students, University of British Columbia, Sauder School of Business, Students and University of British Columbia (UBC) - Sauder School of Business
Downloads 57 (368,526)
Citation 3

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China’s Railway, Lerner Index, High-Speed Rail, Regional Heterogeneity, Deregulation

22.

Does Spatial Dispersal Continue Post-Financial Crisis? Analysis of Global Air Transport Network 2011-2015

Number of pages: 27 Posted: 17 Mar 2017
Collin Wong, Tommy Cheung, Anming Zhang and Yue Wang
The Hang Seng University of Hong Kong, Hang Seng University of Hong Kong, University of British Columbia (UBC) - Sauder School of Business and Hang Seng Management College - Department of Supply Chain and Information Management
Downloads 56 (371,778)

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Hub-and-spoke network; Spatial dispersal; Global air travel; Connectivity; Hub bypassing; Hub competition

23.

Effects of High-Speed Rail Speed on Airline Demand and Price: Theoretical Analysis and Empirical Evidence from a Natural Experiment

Number of pages: 68 Posted: 20 May 2018
Kun Wang, Wenyi Xia, Anming Zhang and Qiong Zhang
University of British Columbia, Sauder School of Business, Students, University of British Columbia (UBC) - Sauder School of Business, Students, University of British Columbia (UBC) - Sauder School of Business and Anhui Normal University - School of Economics and Management
Downloads 54 (378,119)

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High-speed rail, Train speed, Airline traffic and price, Intermodal substitutability, Natural experiment, Difference-in-differences (DID)

24.

Foreign Direct Investment With Host Country Market Structures and Policy Implications

Number of pages: 43 Posted: 03 Mar 2018
Masao Nakamura and Anming Zhang
University of British Columbia (UBC) - Sauder School of Business and University of British Columbia (UBC) - Sauder School of Business
Downloads 52 (384,564)

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Joint Venture; Foreign Direct Investment; Bargaining Power; Technology Spillover; Market Structure

25.

Third-Degree Price Discrimination in the Presence of Congestion Externality

Tinbergen Institute Discussion Paper 14-140/VIII
Number of pages: 41 Posted: 23 Oct 2014
Achim Ingo Czerny and Anming Zhang
Vrije Universiteit Amsterdam, School of Business and Economics and University of British Columbia (UBC) - Sauder School of Business
Downloads 49 (394,784)
Citation 3

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Price discrimination, congestion, time valuation, monopoly, airline

26.

Is Mixing Airport Charges Collusive?

Number of pages: 35 Posted: 29 Sep 2016
Achim Czerny, Simon Cowan and Anming Zhang
Hong Kong Polytechnic University - Faculty of Business, University of Oxford - Department of Economics and University of British Columbia (UBC) - Sauder School of Business
Downloads 44 (412,357)

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Airports, airlines, collusion, schedule delays, slots

27.

Non-Tariff Barriers to Trade in the Pacific Rim

Pacific Economic Review, Vol. 9, No. 1, pp. 65-73, February 2004
Number of pages: 9 Posted: 11 Mar 2004
Stephen Ching, Clement Yuk-Pang Wong and Anming Zhang
School of Economics and Finance, The University of Hong Kong, City University of Hong Kong (CityUHK) - Department of Economics & Finance and University of British Columbia (UBC) - Sauder School of Business
Downloads 38 (435,838)
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28.

Determining Factors of Air Passengers' Choice of Transfer Airports in the Southeast Asia – North America Market: Managerial and Policy Implications

Number of pages: 42 Posted: 20 Aug 2018 Last Revised: 17 Sep 2018
Jong Hae Choi, Kun Wang, Wenyi Xia and Anming Zhang
Inha University, University of British Columbia, Sauder School of Business, Students, University of British Columbia (UBC) - Sauder School of Business, Students and University of British Columbia (UBC) - Sauder School of Business
Downloads 37 (444,073)

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Airport Choice, Transfer Passenger, Southeast Asia-North America Market, Willingness-to-Pay, Airport Characteristics, Incheon International Airport

29.

The Effect of a Subway on House Prices: Evidence from Shanghai

Real Estate Economics (forthcoming)
Number of pages: 30 Posted: 09 Sep 2018 Last Revised: 16 Feb 2019
Zhengyi Zhou, Hong Chen, Lu Han and Anming Zhang
Shanghai University of Finance and Economics, Shanghai Advanced Institute in Finance, Shanghai Jiao Tong University, University of Toronto - Rotman School of Management and University of British Columbia (UBC) - Sauder School of Business
Downloads 26 (491,566)
Citation 1

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Housing price; Subway; Employment; China

30.

Why Are Regional Jets Less Used in Emerging Economies? A Real Options Valuation Approach

Number of pages: 29 Posted: 12 Dec 2016
Qiwei Hu and Anming Zhang
Commercial Aircraft Corporation of China, Ltd. (Comac) - Department of Finance and University of British Columbia (UBC) - Sauder School of Business
Downloads 23 (508,353)
Citation 2

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Aircraft Acquisition, Category, Real Options, Growth, Regulation, Monte Carlo Simulation

31.

A Model of Trade Liberalization in Services

Review of International Economics, Vol. 14, No. 1, pp. 148-168, February 2006
Number of pages: 21 Posted: 08 May 2006
Clement Yuk-Pang Wong, Jinhui Wu and Anming Zhang
City University of Hong Kong (CityUHK) - Department of Economics & Finance, Michigan State University - Department of Marketing and Supply Chain Management and University of British Columbia (UBC) - Sauder School of Business
Downloads 23 (508,353)
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32.

Horizontal Mergers in a Liberalizing World Economy

Pacific Economic Review, Vol. 7, pp. 359-376, 2002
Number of pages: 18 Posted: 15 Feb 2003
Anming Zhang and Hongmin Chen
University of British Columbia (UBC) - Sauder School of Business and Shanghai Jiao Tong University
Downloads 22 (514,329)
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33.

Dockless Sharing Bikes, Subway, and House Prices: Evidence From Micro-Level Data in Shanghai

Number of pages: 33 Posted: 24 Jun 2019 Last Revised: 11 Aug 2019
Zhengyi Zhou, Hongchang Li and Anming Zhang
Shanghai University of Finance and Economics, Beijing Jiaotong University and University of British Columbia (UBC) - Sauder School of Business
Downloads 20 (526,029)

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Bike Sharing, Public Transportation, House Price, Welfare, China

34.

A Theory of Continuous Uncertainty Types

Discussion Paper Tinbergen Institute 2015--065/VIII
Number of pages: 39 Posted: 30 May 2015
Achim Ingo Czerny, Erik T. Verhoef and Anming Zhang
Vrije Universiteit Amsterdam, School of Business and Economics, VU University Amsterdam - Department of Spatial Economics and University of British Columbia (UBC) - Sauder School of Business
Downloads 20 (526,029)
Citation 2

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Continuous uncertainty types, demand uncertainty, cost uncertainty, monopoly, newsboy problem

35.

Regulation, Privatization, and Airport Charges: Panel Data Evidence from European Airports

CEPR Discussion Paper No. DP8618
Number of pages: 32 Posted: 01 Nov 2011
Volodymyr Bilotkach, Joseph A. Clougherty, Juergen Mueller and Anming Zhang
Newcastle Business School, University of Illinois at Urbana-Champaign, affiliation not provided to SSRN and University of British Columbia (UBC) - Sauder School of Business
Downloads 7 (606,431)
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airport charges, airports, hubs, privatization, regulation, single-till

36.

Development of Air Transport Industry in the Asia‐Pacific Region

Pacific Economic Review, Vol. 16, Issue 1, pp. 42-46, 2011
Number of pages: 5 Posted: 08 Feb 2011
Kevin Cullinane, Michael Firth, Michael Ka-yiu Fung, Stephen Gong, Japhet S. Law and Anming Zhang
affiliation not provided to SSRN, Lingnan University - Department of Finance and Insurance, The Chinese University of Hong Kong (CUHK) - Department of Decision Sciences & Managerial Economics, School of Accounting and Finance, Hong Kong Polytechnic University, affiliation not provided to SSRN and University of British Columbia (UBC) - Sauder School of Business
Downloads 2 (644,425)
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37.

Third‐Degree Price Discrimination in the Presence of Congestion Externality

Canadian Journal of Economics/Revue canadienne d'économique, Vol. 48, Issue 4, pp. 1430-1455, 2015
Number of pages: 26 Posted: 27 May 2016
Achim Czerny and Anming Zhang
Hong Kong Polytechnic University - Faculty of Business and University of British Columbia (UBC) - Sauder School of Business
Downloads 1 (656,658)
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38.

Airport Congestion Pricing and its Welfare Implications: The Case of Variable Passenger Time Costs

Pacific Economic Review, Vol. 16, Issue 1, pp. 83-102, 2011
Number of pages: 20 Posted: 08 Feb 2011
Andrew Yuen and Anming Zhang
The Chinese University of Hong Kong (CUHK) and University of British Columbia (UBC) - Sauder School of Business
Downloads 1 (656,658)
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39.

Sequential Peak-Load Pricing: The Case of Airports and Airlines

Canadian Journal of Economics/Revue canadienne d'économique, Vol. 41, Issue 3, pp. 1087-1119, August/août 2008
Number of pages: 33 Posted: 14 Jul 2008
Leonardo J. Basso and Anming Zhang
Universidad de Chile - Civil Engineering Department and University of British Columbia (UBC) - Sauder School of Business
Downloads 1 (656,658)
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40.

Impact of High-Speed Rail Network Development on Airports: Evidence from China and Japan

Posted: 04 Aug 2018
Shuli Liu, Yulai Wan, Hun-Koo Ha, Yuichiro Yoshida and Anming Zhang
Hong Kong Polytechnic University - Department of Logistics and Maritime Studies, Hong Kong Polytechnic University - Department of Logistics and Maritime Studies, Inha University, Hiroshima University - Graduate School for International Development and Cooperation (IDEC) and University of British Columbia (UBC) - Sauder School of Business

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High-Speed Rail, Degree Centrality, Harmonic Centrality, Air-HSR Substitutability, Air-HSR Complementarity, Air-HSR Intermodal

41.

Air Connectivity Between Countries: The Case of China and Australia, 2005-2016

Posted: 01 Dec 2017
Zhenran Zhu, Anming Zhang, Yahua Zhang, Zhibin Huang and Shiteng Xu
University of British Columbia (UBC) - Sauder School of Business, University of British Columbia (UBC) - Sauder School of Business, University of Southern Queensland, University of Southern Queensland - Australian Centre for Sustainable Business and Development (ACSBD) and East China Normal University (ECNU)

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Direct Connectivity; Indirect Connectivity; Centrality; Air Transport; China; Australia

42.

Measuring Multi-Modal Connections and Connectivity Radiations of Transport Infrastructure: The Methodology and an Application to China

Posted: 30 Nov 2017
Zhenran Zhu, Anming Zhang and Yahua Zhang
University of British Columbia (UBC) - Sauder School of Business, University of British Columbia (UBC) - Sauder School of Business and University of Southern Queensland

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Multi-modal connectivity, air connectivity, rail connectivity, regional connectivity, Chinese city connectivity

43.

Airline Performance in China and India: What Drive Airline Efficiency and Pricing

Posted: 05 Mar 2017 Last Revised: 05 Mar 2019
Kun Wang, Anming Zhang and Yahua Zhang
University of British Columbia, Sauder School of Business, Students, University of British Columbia (UBC) - Sauder School of Business and University of Southern Queensland

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China, India, technical efficiency, airline pricing, private airlines, low-cost carriers

44.

Air Cargo Transport and Logistics in Hong Kong and Southern China

Wan, Y. and A. Zhang (2016), “Air cargo transport and logistics in Hong Kong and southern China,” in: J. Zhang and C.-M. Fung (eds.) Handbook of Transport in Asia, Routledge, Forthcoming
Posted: 13 Dec 2016
Yulai Wan and Anming Zhang
Hong Kong Polytechnic University - Department of Logistics and Maritime Studies and University of British Columbia (UBC) - Sauder School of Business

Abstract:

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Air cargo, Hong Kong, China

45.

An Analysis of Import Protection as Export Promotion

Sauder School of Business Working Paper
Posted: 01 Nov 1996
Anming Zhang and Yimin Zhang
University of British Columbia (UBC) - Sauder School of Business and affiliation not provided to SSRN

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46.

Stability of Nash Equilibrium: The Multiproduct Case

Sauder School of Business Working Paper
Posted: 23 Oct 1996
Anming Zhang and Yimin Zhang
University of British Columbia (UBC) - Sauder School of Business and affiliation not provided to SSRN

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47.

The Effects of Airline Codesharing Agreements on Firm Conduct and International Air Fares

Sauder School of Business Working Paper
Posted: 09 Oct 1996
Tae-Hoon Oum, Jong-Hun Park and Anming Zhang
University of British Columbia (UBC) - Sauder School of Business, Ewha Womans University - College of Business Administration and University of British Columbia (UBC) - Sauder School of Business

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48.

An Analysis of Fortress Hubs in Airline Networks

Sauder School of Business Working Paper
Posted: 25 Sep 1996
Anming Zhang
University of British Columbia (UBC) - Sauder School of Business

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Other Papers (1)

Total Downloads: 3
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1.

Spatial Panel Model for Examining Airport Relationships within Multiairport Regions

Number of pages: 26 Posted: 25 Aug 2019
Tommy Cheung, Collin Wong, Anming Zhang and Edmund Wu
Hang Seng University of Hong Kong, The Hang Seng University of Hong Kong, University of British Columbia (UBC) - Sauder School of Business and The Hang Seng University of Hong Kong
Downloads 3

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Multi-airport region; Airport relationship; Determining factor; Spatial panel model; Direct impact; Indirect impacts