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Military Procurement and Technology Development

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  • Ruttan, Vernon W.

Abstract

The purpose of this paper is to demonstrate that military and defense related research and procurement have been a major source of commercial technology development across a broad spectrum of industries that account for an important share of United States industrial production. I discuss the development of five general purpose technologies: (1) military and commercial aircraft, (2) nuclear energy and electric power, (3) computers and semiconductors, (4) the Internet, and (5) the space industries. The defense industrial base has become a smaller share of the industrial sector which is itself a declining sector in the U.S. economy. It is doubtful that military and defense related procurement will again become an important source of new general purpose technologies. When the history of U.S. technology development for the next half century is eventually written it will almost certainly be written within the context of slower productivity growth than the relatively high rates that prevailed in the U.S through the 1960's and during the information technology bubble that began in the early 1990's.

Suggested Citation

  • Ruttan, Vernon W., 2005. "Military Procurement and Technology Development," Staff Papers 13639, University of Minnesota, Department of Applied Economics.
    • Handle: RePEc:ags:umaesp:13639
    DOI: 10.22004/ag.econ.13639
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    File URL: https://ageconsearch.umn.edu/record/13639/files/p05-03.pdf
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    References listed on IDEAS

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    1. Gordon,Robert J., 2004. "Productivity Growth, Inflation, and Unemployment," Cambridge Books, Cambridge University Press, number 9780521800082.
    2. Gordon,Robert J., 2004. "Productivity Growth, Inflation, and Unemployment," Cambridge Books, Cambridge University Press, number 9780521531429.
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    Cited by:

    1. Guillou, Sarah & Lazaric, Nathalie & Longhi, Christian & Rochhia, Sylvie, 2009. "The French defence industry in the knowledge management era: A historical overview and evidence from empirical data," Research Policy, Elsevier, vol. 38(1), pages 170-180, February.
    2. Brauer, Jurgen & Caruso, Raul, 2011. "Peace economists and peace economics," MPRA Paper 34927, University Library of Munich, Germany.
    3. Galvin, Ray, 2015. "The ICT/electronics question: Structural change and the rebound effect," Ecological Economics, Elsevier, vol. 120(C), pages 23-31.
    4. Kenneth Carlaw & Richard Lipsey, 2011. "Sustained endogenous growth driven by structured and evolving general purpose technologies," Journal of Evolutionary Economics, Springer, vol. 21(4), pages 563-593, October.

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