The Army's Local Economic Effects


Book Description

This appendix to The Army's Local Economic Effects provides descriptions of the overall economic effects for each state, details by fiscal year from 2012-2014, and a parsing of the data by congressional district for Alabama through Minnesota.




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


Book Description

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).




Military Expansion, Economic Decline


Book Description

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.




Local Economic Development After Military Base Closures


Book Description

"This pioneering study by John Lynch can be used as a manual for essential economic development planning by the mayors, Chambers of Commerce, and diverse community groups in areas that are economically dependent on military base operations. The data of this study demonstrate that advance economic development planning is the indispensable requirement for giving the people and the communities around military bases constructive options for the moment when the military establishment no longer requires their work"--Page vii.




The Army's Local Economic Effects


Book Description

To help inform decisionmaking in the event that the Army experiences significant changes to its budget, the U.S. Army Quadrennial Defense Review Office asked the RAND Arroyo Center to provide an update to a previous report that provides an empirical understanding of how Army spending affects communities and states. The second edition of the main report, The Army's Local Economic Effects, presents findings on the economic activity supported by Army spending at the local level. This appendix is an ancillary volume. It provides detailed results of the analysis, organized by state and congressional district. It includes descriptions of the overall economic effects for each state, then delves into more detail by fiscal year, from 2014 through 2017, concluding with a parsing of the data by congressional district, providing maps and calculations. This volume includes Mississippi through Wyoming.




The Economics of World War I


Book Description

This unique volume offers a definitive new history of European economies at war from 1914 to 1918. It studies how European economies mobilised for war, how existing economic institutions stood up under the strain, how economic development influenced outcomes and how wartime experience influenced post-war economic growth. Leading international experts provide the first systematic comparison of economies at war between 1914 and 1918 based on the best available data for Britain, Germany, France, Russia, the USA, Italy, Turkey, Austria-Hungary and the Netherlands. The editors' overview draws some stark lessons about the role of economic development, the importance of markets and the damage done by nationalism and protectionism. A companion volume to the acclaimed The Economics of World War II, this is a major contribution to our understanding of total war.




Economic Consequences of Lower Military Spending


Book Description

The IMF MULTIMOD model is used to trace the economic impact of a 20 percent reduction in world military expenditures. GDP falls in the short run, however private consumption and investment rise, leading to an increase in GDP in the medium and long run. The estimated gains to economic welfare are substantial, particularly for developing countries, although most of these gains are realized in the long run. A positive international economic externality is found to exist, implying that for any given country the economic gains from a coordinated reduction in military expenditures exceed the gains from a unilateral reduction.




Economic Adjustment And Conversion Of Defense Industries


Book Description

Defense plant cutbacks and military base closures have affected hundreds of U.S. communities during the past twenty-five years. Tracing the recovery of four communities after large defense plant cutbacks and of one hundred communities after military base closures, the contributors analyze the transition from the production of military to civilian goods. The contributors examine the market potential of reusing defense industrial plants to produce civilian products within the one- to two-year period called for by economic conversion proponents, showing that the complex process needed to develop, test, and market an entirely new product requires a minimum of five years. They also review the wide range of economic development techniques available at the state and local level, conversion approaches in Western Europe, programs for displaced workers, and reasons why the economic conversion approach has failed to attract public support in the United States. The case studies are used to formulate an integrated, composite approach for coping with plant closures and major employment dislocations. Stressing the in portance of community-based economic adjustment activities, this book will be valuable to all concerned with mitigating the effects of military and civilian plant closures.