Adjustments of the U.S. Economy to Reductions in Military Spending

Adjustments of the U.S. Economy to Reductions in Military Spending PDF

Author: United States. Arms Control and Disarmament Agency

Publisher:

Published: 1970

Total Pages: 624

ISBN-13:

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The purpose of the study is to review the likely impact of reduced military expenditures on the economy of the United States and to identify some of the more pressing problems which may be encountered in the shift of resources from military to non-military uses. (Author).

The Economic Consequences of Reduced Military Spending

The Economic Consequences of Reduced Military Spending PDF

Author: Bernard Udis

Publisher: Lexington, Mass : Lexington Books

Published: 1973

Total Pages: 426

ISBN-13:

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En række artikler, der belyser, hvorledes en formindskelse af USA's forsvarsudgifter vil påvirke landets økonomiske forhold på talrige områder såsom industri, og lokalsamfundene omkring militære etablissementer etc. Bogen er i 1970 udgivet under titlen "Adjustments of the U.S. economy to reductions in military spending."

Military Expansion, Economic Decline

Military Expansion, Economic Decline PDF

Author: R.W. DeGrasse

Publisher: Routledge

Published: 2016-07-01

Total Pages: 260

ISBN-13: 1315495880

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By assessing the costs and benefits of military spending, the authors provide a "second opinion" on the subject of military economics. While advocates of increased military spending often stress the positive effects of the Pentagon on the economy, there has been little systematic summary of the "opportunity costs" that society pays for a large military establishment. This book fills that gap.

Defense Spending And Economic Growth

Defense Spending And Economic Growth PDF

Author: James E. Payne

Publisher: Routledge

Published: 2019-03-13

Total Pages: 234

ISBN-13: 0429715684

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This book examines the impact defense spending has on economic growth. While defense spending was not deliberately invented as a fiscal policy instrument, its importance in the composition of overall government spending and thus in determining employment is now easily recognized. In light of the collapse of the Soviet Union and the consequent reduction in the threat to the security of the United States, maintaining defense spending at the old level seems indefensible. The media has concentrated on the so-called peace dividend. However, as soon as the federal government is faced with defense cuts, it realizes the macroeconomic ramifications of such a step. Based on studies included in this volume, we examine the effects of defense spending on economic growth and investigate how the changed world political climate is likely to alter the importance and pattern of defense spending both for developed and developing countries.

Military Spending, the Peace Dividend, and Fiscal Adjustment

Military Spending, the Peace Dividend, and Fiscal Adjustment PDF

Author: Mr.Benedict J. Clements

Publisher: International Monetary Fund

Published: 1999-07-01

Total Pages: 33

ISBN-13: 1451851006

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The end of the Cold War has ushered in significant changes in worldwide military spending. This paper finds that the easing of (1) international tensions, (2) regional tensions, and (3) the existence of IMF-supported programs are related to lower military spending and a higher share of nonmilitary spending in total government outlays. These factors account for up to 66 percent, 26 percent, and 11 percent of the decline in military spending, respectively. Furthermore, fiscal adjustment has implied a larger cut in military spending of countries with IMF-supported programs.

Expansionary Austerity New International Evidence

Expansionary Austerity New International Evidence PDF

Author: Mr.Daniel Leigh

Publisher: International Monetary Fund

Published: 2011-07-01

Total Pages: 41

ISBN-13: 1455294691

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This paper investigates the short-term effects of fiscal consolidation on economic activity in OECD economies. We examine the historical record, including Budget Speeches and IMFdocuments, to identify changes in fiscal policy motivated by a desire to reduce the budget deficit and not by responding to prospective economic conditions. Using this new dataset, our estimates suggest fiscal consolidation has contractionary effects on private domestic demand and GDP. By contrast, estimates based on conventional measures of the fiscal policy stance used in the literature support the expansionary fiscal contractions hypothesis but appear to be biased toward overstating expansionary effects.