Airports in Argentina: Technical efficiency in the context of an economic crisis

A two-stage procedure is used to estimate the technical efficiency of Argentina's airports from 2003 to 2007, a period of intense economic crisis, during which the traffic fell by 50%. In the first stage, the airports' relative technical efficiency is estimated using data envelopment analysis to establish which airports perform most efficiently. In the second stage, the Simar and Wilson procedure is used to bootstrap the data envelopment analysis scores with a truncated regression.