The air transport system -- air carriers, airports and airways -- receives federal financial assistance through several federal programs. The total amount of funding is not a subsidy, since taxes are collected from system users, primarily in the form of fuel or passenger taxes. However, the portion of the funding which exceeds the taxes paid by users is a subsidy since this portion of the funding could have been used for other purposes and provides benefits in kind to users of the air system. These subsidies can change output levels, which can affect aircraft stock levels and consequently the level and possibly the rate of capital investment. This in turn can affect technological change. This study addresses the distribution of this subsidy among air transport user groups (general aviation, trunk and local carriers), and its impact, if any, on technological change.
Subsidies, Capital Formation, and Technological Change: Local Air Transport. Volume 7
1978
171 pages
Report
Keine Angabe
Englisch
Domestic Commerce, Marketing, & Economics , Public Administration & Government , Air Transportation , Federal assistance programs , Economic impact , Air transportation , Economic analysis , Economic development , Capital , Government policies , Incentives , Airports , Air traffic control , Technological change , Technological development , Economic growth , General aviation , Air carriers
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