Military spending and innovation: learning from 19th-century world fair exhibition data

Alexander M Danzer, Natalia Danzer and Carsten Feuerbaum

Industrial and Corporate Change, 2024, vol. 33, issue 4, 831-854

Abstract: We provide quantitative evidence on the relationship between military spending and innovation in the 19th century. Combining innovation data from world fairs and historical military data across Europe, we show that national military spending is associated with national innovation toward war logistics such as food processing, but less toward war technology such as guns. This innovation pattern reflects differences in the historical markets for war supplies: while the armed forces sourced weapons globally, the food market remained local.

Date: 2024
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Working Paper: Military Spending and Innovation: Learning from 19th Century World Fair Exhibition Data (2023)
Working Paper: Military Spending and Innovation: Learning from 19th Century World Fair Exhibition Data (2023)
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