January 2005
Does Military Spending Stimulate or Retard Economic Performance?
Revisiting an Old Debate
An F-35 'Joint Strike Fighter' built by Lockheed Martin
Does military spending provide economic stimulation through higher demand and technological innovation, or does it retard economic performance by drawing resources away from more productive activities? This paper utilizes a half century's worth of data to demonstrate that neither viewpoint garners strong support. The author explains that the major effect of defense expenditure is context specific, with actual impacts also depending on other economic conditions.
© 2005 David Gold
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David Gold
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New School, New York, US, New York, United States
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