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Full Description
Aerospace is often viewed as a key high-technology industry, important for a nation's future growth prospects and international competitiveness. This book presents an economic and political analysis of the world's aerospace industries and their performance. Keith Hartley uses examples from most of the world's significant aerospace industries, especially across the USA, UK and Europe. The emphasis on political economy reflects the continuing influence of government on the fortunes of the industry. He presents chapters on aerospace markets, technical progress, industry structure, conduct and performance, a case study of BAE Systems, public choice analysis, the case for subsidies, procuring military aircraft, international collaboration, as well as an insight into future prospects. He concludes that the future aerospace firm will be radically different, but governments will continue to dominate the industry.
The Political Economy of Aerospace Industries will appeal to undergraduate and graduate students in industrial and defense economics, public choice and policy courses. It will also be of interest to researchers, policy-makers and those involved in the industry in various different capacities.
Contents
Contents: Preface 1. Introduction: An Important Industry? 2. An Overview of the World Aerospace Industry 3. Aerospace Markets 4. The Economics of the Aerospace Industry 5. The Economics of Technical Progress 6. Industry Structure 7. Industry Conduct and Performance 8. A Company Case Study. BAE Systems: Achievements, Rivals and Prospects 9. A Public Choice Analysis 10. A Case for Subsidy? 11. Buying Military Aircraft 12. The Political Economy of International Collaboration: An Overview of Benefits and Costs 13. International Collaboration: The Reality 14. Future Prospects Index
