Analysis of the General Aviation Jet Industry: Competition, Concentration, and Forecasts With an Eye on Labor Markets
DOI:
https://doi.org/10.33423/jabe.v27i1.7506Keywords:
business, economics, Herfindahl-Hirschman Index (HHI), labor market, general aviationAbstract
This paper examines the global production and delivery of business jets, focusing on trends and shifts in industry concentration using the Herfindahl-Hirschman Index (HHI). After analyzing the concentration trend, we use ARIMA models to forecast production and industry structure through 2026 and estimate the impact of changing concentration on employment. Although estimates indicate increasing concentration in the large jet sector, a potential increase in deliveries and growing GDP could offset the higher HHI. The findings offer valuable information for policymakers and analysts interested in capital-intensive industries while contributing to broader discussions on market competition and labor dynamics.
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