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The Economic Impacts of the Commercial Space Industry
Space Policy ( IF 2.0 ) Pub Date : 2019-01-25 , DOI: 10.1016/j.spacepol.2018.12.003
Kelly Whealan George

The market structure of government investment domination in the space industry is being disrupted as commercial companies began working in the commercial space sector. As the 1960s was known as a government-funded space race, the 21st century may be known as a private interest space race. U.S. policy intended to speed innovation and drive costs down by expanding the role of commercial space companies. Hence, the 2018 orbiting sports car, yet more importantly, reusable rockets, satellites, and associated services developed as a result of the deliberate shift in government policy starting with the Commercial Space Launch Act of 1984.

As growth is expected to accelerate, input-output analysis is useful to predict what industries will benefit and inform the government in their policy decisions. Using a benchmarked growth rate, this research constructed the projected economic impact of yearly growth in commercial space on the U.S. and Florida economies and industries. Growth in the sector not only spurs growth in higher labor income jobs but also causes growth in jobs in other sectors, some of which also have higher than average labor income. Furthermore, growing these types of jobs would have a positive influence on the U.S. and Florida's economy and tax revenues.



中文翻译:

商业太空产业的经济影响

随着商业公司开始在商业航天领域开展业务,政府在航天工业中主导投资的市场结构正在被破坏。由于1960年代被称为政府资助的太空竞赛,因此21世纪可能被称为私人利益太空竞赛。美国政策旨在通过扩大商业太空公司的作用来加快创新并降低成本。因此,由于1984年的《商业空间发射法》从始至终,政府政策的有意转变导致了2018年运行的跑车,更重要的是可重复使用的火箭,卫星和相关服务的发展。

随着增长的加速,投入产出分析将有助于预测哪些行业将受益,并在政府的政策决策中告知政府。使用基准增长率,该研究构建了商业空间每年增长对美国和佛罗里达州经济和产业的预计经济影响。该部门的增长不仅刺激了劳动收入较高的工作的增长,而且还导致其他部门的工作增长,其中一些部门的劳动收入也高于平均水平。此外,增加这类工作将对美国和佛罗里达州的经济及税收产生积极影响。

更新日期:2019-01-25
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