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Pentagon problems
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Aerospace downturn
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MX under fire
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Military buildup: district defense contractors watching, waiting
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Economic and monetary aspects of the defense program
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Banks and defense program
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How does an increase in government purchases affect economy?
This article studies the impact on aggregate economic activity of increases in defense purchases which are unrelated to other developments in the economy. The authors use empirical evidence to evaluate the predictions of several prominent models.
Journal Article
How do changes in military spending affect the economy? Evidence from state-level data
One reason that business cycle turning points are hard to understand and predict may be that economists typically employ linear models, while a growing body of research suggests that many economic variables interact in a nonlinear fashion. This study measures the contribution of changes in military spending to business cycles. It uses data at the state level, which offer the advantages of a great diversity and volume of data relative to the aggregate, and a framework capable of capturing nonlinear and asymmetric relationships.> The results suggest that military spending is a significant ...
Journal Article
Defense spending flies high in the Southeast