Paying for security: the security-prosperity dilemma in the United States /
HEO Uk
Paying for security: the security-prosperity dilemma in the United States / by Uk Heo, Robert J Eger III - 2005
Uses a nonlinear four-sector production function model to analyse the direct and indirect effects of US government defence spending on economic growth. Uses data for the period 1951-2000. Also makes comparisons with government spending on non-military areas. Finds overall that indirect effects of military expenditure are not distinguishable from other government spending, but that direct effects are different: defence spending has a smaller negative impact on economic growth than other government expenditures.
UNITED STATES--ECONOMIC GROWTH
UNITED STATES--DEFENCE EXPENDITURE
UNITED STATES--GOVERNMENT EXPENDITURE
ECONOMIC ANALYSIS
ECONOMIC MODELS
Paying for security: the security-prosperity dilemma in the United States / by Uk Heo, Robert J Eger III - 2005
Uses a nonlinear four-sector production function model to analyse the direct and indirect effects of US government defence spending on economic growth. Uses data for the period 1951-2000. Also makes comparisons with government spending on non-military areas. Finds overall that indirect effects of military expenditure are not distinguishable from other government spending, but that direct effects are different: defence spending has a smaller negative impact on economic growth than other government expenditures.
UNITED STATES--ECONOMIC GROWTH
UNITED STATES--DEFENCE EXPENDITURE
UNITED STATES--GOVERNMENT EXPENDITURE
ECONOMIC ANALYSIS
ECONOMIC MODELS