Military spending: A perspective on the restructuring dynamics of the defense sector

Eleonora Gentilucci ()
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Eleonora Gentilucci: Centre d'Economie de la Sorbonne, https://centredeconomiesorbonne.cnrs.fr

Documents de travail du Centre d'Economie de la Sorbonne from Université Panthéon-Sorbonne (Paris 1), Centre d'Economie de la Sorbonne

Abstract: This article is articulated in two sections. In the first-one we try to explain the dynamics of military spending and others social expenditures in the period 1988-2010 for the United States. According to empirical data we support the argument that there is a remarkable trade-off in the allocation of public spending, because, often, the increase in military expenditures was to detriment of those for the education, social security and health. In the second section we analyze the transition from the old "military industrial complex" to the new "military-security system" in the light of defense industry restructing. We focus in particular on the role of financialization and industrial concentration of the firms

Keywords: Military-industrial complex; industry concentration; defense sector; military expenditures; public spending; trade-off effect; financialization; industry restructuring; military-security system (search for similar items in EconPapers)
JEL-codes: H H56 L N4 P (search for similar items in EconPapers)
Pages: 17 pages
Date: 2012-10
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Persistent link: https://EconPapers.repec.org/RePEc:mse:cesdoc:12060

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