Profits, Regulation and the Uk Aerospace Industry
研究了英国政府监管下航空航天工业的利润决定因素，包括政府合同、技术变革、并购及利润控制对工资和未监管产出的影响。
FEW studies exist on the determination of profitability in UK Governmentregulated industries.1 Aerospace is an ideal industry to study since it is dependent on Government contracts which have state-determined profit rates. Various hypotheses on the industry's profitability have been suggested. Critics allege that profits depend on wars and domestic military work. Firms claimed that until I968, the state's profit rules failed to recognize that technical progress was resulting in shorter production runs and greater emphasis on less profitable development work. Questions also arise about the effects on profits of the mergers of 1959-60 and the Review Board for Government Contracts established in I968. These variables and the features of both the industry and Government procurement policy relevant to explaining profitability are outlined and incorporated into estimating equations. Consideration is also given to the effects of profit controls on wages and unregulated outputs.