The Effect Of Defence R&D On Military Equipment Quality
Studies into the output of R&D generally take a qualitative view of case histories and do not provide a quantitative template for the analysis of 'cause and effect' suited to investment management. This study describes the development of a quantitative model of the relationship between defence R&D and equipment capability. Using open source data, the military equipment quality of 10 nations has been evaluated from 1971 to 2005 and time-dependent correlation with R&D investment back to 1951 analysed. We find that the nations studied 'got what they paid for', with their R&D expenditure positively correlated with equipment capability. The observed variability in equipment quality was most highly correlated with R&D spend 10-25 years earlier.
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Volume (Year): 17 (2006)
Issue (Month): 2 ()
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- Keith Hartley, 2006. "Defence R&D: Data Issues," Defence and Peace Economics, Taylor & Francis Journals, vol. 17(3), pages 169175-1691.
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