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ERIC Number: EJ893862
Record Type: Journal
Publication Date: 2010-Jun
Pages: 26
Abstractor: As Provided
Reference Count: 69
ISBN: N/A
ISSN: ISSN-0037-7732
Military Spending and Economic Well-Being in the American States: The Post-Vietnam War Era
Borch, Casey; Wallace, Michael
Social Forces, v88 n4 p1727-1752 Jun 2010
Using growth curve modeling techniques, this research investigates whether military spending improved or worsened the economic well-being of citizens within the American states during the post-Vietnam War period. We empirically test the military Keynesianism claim that military spending improves the economic conditions of citizens through its use by politicians as a countercyclical tool to reduce the negative effects of economic downturns. However, due to deindustrialization and the emergence of the "new military," there are reasons to believe that military spending will not effectively improve economic well-being during the post-Vietnam War era. Using longitudinal data we find that states with high levels of military spending are better equipped to stave off the deleterious effects of economic recession than are states with lower levels of military spending. (Contains 2 tables and 14 notes.)
University of North Carolina Press. 116 South Boundary Street, P.O. Box 2288, Chapel Hill, NC 27515-2288. Tel: 800-848-6224; Tel: 919-966-7449; Fax: 919-962-2704; e-mail: uncpress@unc.edu; Web site: http://uncpress.unc.edu/
Publication Type: Journal Articles; Reports - Research
Education Level: N/A
Audience: N/A
Language: English
Sponsor: N/A
Authoring Institution: N/A
Identifiers - Location: Connecticut; United States