Airports matter when it comes to a region's economic development. But more important than the cargo they transport is the people. Richard Florida breaks it down for you.
Airports have a bigger effect on economic development by moving people as opposed to cargo. Both the number of passengers and flights are related to economic output, wages, and incomes. However, we find little association between any of the above and cargo.
Airports are also closely associated with key characteristics of knowledge-based or post-industrial economies. Both the number of flights and passengers are correlated with the percent of adults that are college grads, the share of the workforce employed in knowledge-based, professional, and creative class jobs, and even more so with concentrations of high-tech industry. Again, we found little association between such factors and the amount of cargo that passes through metro airports.
Read the rest here