Search Results
Showing results 1 to 10 of approximately 50.
(refine search)
Working Paper
Aviation security and terrorism: a review of the economic issues
Following the terrorist attacks on September 11, 2001, the passage of the Aviation and Transportation Act mandated a substantial increase in resources devoted to aviation security. This paper summarizes the specific changes stemming from this legislation. In addition, the paper examines the economic issues underlying the regulation and provision of aviation security. The fact that security at one airport can affect the well being of those at other airports and elsewhere, an example of a network externality (spillover), provides an economic justification for governmental involvement in ...
Journal Article
Economic activity: further expansion and conversion
Journal Article
The comparative growth performance of the U.S. economy in the postwar period
Productivity growth is the single most important determinant of improvements in a country's living standards over time. Accordingly, the U.S. productivity slowdown of the past two decades has caused great concern and sparked much debate. ; In this article, Mark A. Wynne argues that the problems associated with the U.S. slowdown may be overstated. Wynne shows that the rates of productivity growth experienced in the immediate postwar period were extraordinary in comparison with historical standards. Thus, some slowdown was probably unavoidable. U.S. productivity performance in comparison with ...
Journal Article
What will homeland security cost?
The increased spending on security by the public and private sectors in response to September 11 could have important effects on the U.S. economy. Sizable government expenditures, for example, could trigger a rise in the cost of capital and wages and a reduction in investment and employment in the private sector, while large-scale spending by businesses could hamper firm productivity. This article attempts to quantify the likely effects of homeland security expenditures on the economy. It suggests that the total amount of public- and private-sector spending will be relatively small: the ...
Working Paper
Collateral damage: trade disruption and the economic impact of war
Conventional wisdom in economic history suggests that conflict between countries can be enormously disruptive of economic activity, especially international trade. Yet nothing is known empirically about these effects in large samples. We study the effects of war on bilateral trade for almost all countries with available data extending back to 1870. Using the gravity model, we estimate the contemporaneous and lagged effects of wars on the trade of belligerent nations and neutrals, controlling for other determinants of trade. We find large and persistent impacts of wars on trade, and hence on ...
Working Paper
An investigation into the magnitude of foreign conflicts
Journal Article
Commodity supplies and prices
Journal Article
Political economy of state homeland security grants
Journal Article
First impact of war on the economy
Journal Article
Further shift to war economy