The Impact of Defense Procurement On U.S. Manufacturing Productivity Growth
As the 20th Century ends, technologies originally developed for defense purposes such as computers and satellite communications appear to have become a driving force behind economic growth. Paradoxically, almost all econometric models suggest that the largely defense-oriented federal industrial R&D funding that helped create these technologies had no discernible effect on industrial productivity growth. This paper addresses this paradox by stressing that defense procurement and hence federal R&D expenditures were targeted to a few narrowly defined manufacturing sub sectors that produced high tech weaponry. Panel data analysis employing disaggregated data from the NBER Manufacturing Productivity Database and the BEA's Input Output tables then demonstrates that defense procurement did have significant positive effects on the productivity performance of disaggregated manufacturing industries.
1. Check below under "Related research" whether another version of this item is available online.
2. Check on the provider's web page whether it is in fact available.
3. Perform a search for a similarly titled item that would be available.
|Date of creation:||06 Jun 1999|
|Date of revision:|
|Contact details of provider:|| Postal: New Jersey Hall - 75 Hamilton Street, New Brunswick, NJ 08901-1248|
Phone: (732) 932-7363
Fax: (732) 932-7416
Web page: http://economics.rutgers.edu/
More information through EDIRC
When requesting a correction, please mention this item's handle: RePEc:rut:rutres:199906. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: ()
If references are entirely missing, you can add them using this form.