Converting Resources from Military to Non-military Uses

Jurgen Brauer and John Tepper Marlin

Journal of Economic Perspectives, 1992, vol. 6, issue 4, 145-164

Abstract: As a proportion of gross national product, U.S. military spending has declined steadily since the mid-1980s. The end of the Cold War has given rise to calls for even more cuts in military spending. In early 1992, President George Bush proposed to reduce military spending by 3 percent per year, in real dollars, for the next five years. The Democratic leadership in the House of Representatives countered with a plan calling for substantially deeper cuts. Any substantial changes in military expenditures imply a "conversion" of physical and human resources from military to nonmilitary uses. This article will focus on some distinctive characteristics of the U.S. military sector and on some adjustment costs that reduced military spending are likely to impose on military industries, occupations, regions, and communities.

JEL-codes: H56 L60 (search for similar items in EconPapers)
Date: 1992
Note: DOI: 10.1257/jep.6.4.145
References: View complete reference list from CitEc
Citations: View citations in EconPapers (15)

Downloads: (external link)
http://www.aeaweb.org/articles.php?doi=10.1257/jep.6.4.145 (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:aea:jecper:v:6:y:1992:i:4:p:145-64

Ordering information: This journal article can be ordered from
https://www.aeaweb.org/journals/subscriptions

Access Statistics for this article

Journal of Economic Perspectives is currently edited by Enrico Moretti

More articles in Journal of Economic Perspectives from American Economic Association Contact information at EDIRC.
Bibliographic data for series maintained by Michael P. Albert ().