Economic Impact on Aviation Employment

Paper Summary:

This paper defines, discusses, and analyzes several different economic variables in order to determine the likelihood of obtaining employment within the aviation industry. The paper considers all aspects of the industry such as crop dusting, flight training, corporate aviation, air taxis, sightseeing, banner towing, flying for personal reasons, etc. The paper also considers all types of aircraft, ranging from a single-seat, single-engine aircraft to a corporate jet.

From the Paper:

"Many economic studies examine statistics like the numbers of people employed, value added, contribution to GDP, price growth as compared to the growth of goods and services nationwide, and industry growth or decline and the factors contributing to it. By definition, economy is "the structure of economic life in a country, area or period". Economics is defined as: of, relating to, or based on the production, distribution and consumption of goods and services. Costs and benefits are not always easily measured in tangible terms. For example, safety, while an important and significant benefit, can only be measured by the absence of occurrences. What are the driving factors in production and consumption? Generally, supply and demand, and the driving factors in supply and demand are often scarcity, volume and price."

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