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Advanced Air Mobility, Economic Impacts, and Equity Considerations

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  • Robert M. McNab

    (Department of Economics, Strome College of Business, Old Dominion University, Norfolk, Virginia, USA)

Abstract

Advanced Air Mobility (AAM) may, in the coming decades, result in tens of thousands of new jobs and billions of dollars in additional economic activity. While much of the discussion surrounding AAM focuses on the technical aspects of the nascent industry, estimates of the potential economic impact vary significantly. Much less attention has been paid in the literature to potential externalities, positive and negative, and how these externalities may impact estimates of economic impact. We argue that much work remains to be done before policy advisors and decisions makers can formulate and implement strategies based on the projections of future economic impact of AAM.

Suggested Citation

  • Robert M. McNab, 2024. "Advanced Air Mobility, Economic Impacts, and Equity Considerations," Journal of Economic Analysis, Anser Press, vol. 3(2), pages 134-146, June.
    • Handle: RePEc:bba:j00001:v:3:y:2024:i:2:p:134-146:d:211
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    References listed on IDEAS

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    1. Shirmohammadli, Abdolmatin & Louen, Conny & Vallée, Dirk, 2016. "Exploring mobility equity in a society undergoing changes in travel behavior: A case study of Aachen, Germany," Transport Policy, Elsevier, vol. 46(C), pages 32-39.
    2. Pranab Bardhan, 2002. "Decentralization of Governance and Development," Journal of Economic Perspectives, American Economic Association, vol. 16(4), pages 185-205, Fall.
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