Some Economic Effects on Unilateral and Multilateral Reductions in Military Expenditures in the Major Industrialized and Developing Countries
dc.contributor.author | Haveman, Jon D. | en_US |
dc.contributor.author | Deardorff, Alan V. | en_US |
dc.contributor.author | Stern, Robert M. | en_US |
dc.date.accessioned | 2013-11-14T23:20:53Z | |
dc.date.available | 2013-11-14T23:20:53Z | |
dc.date.issued | 1991-01 | en_US |
dc.identifier.other | MichU DeptE ResSIE D270 | en_US |
dc.identifier.other | H560 | en_US |
dc.identifier.other | D740 | en_US |
dc.identifier.other | E620 | en_US |
dc.identifier.uri | https://hdl.handle.net/2027.42/100738 | |
dc.description.abstract | We use the Michigan Model of World Trade and Production to assess the sectoral effects on the U.S. economy of: (1) a 25% unilateral reduction of military expenditures in the United States and (2) a 25% multilateral reduction of military expenditures in all of the major Western industrialized and developing countries included in the Michigan Model. Our principal findings suggest that the overall effects are not substantial. Although the sectoral results differ significantly depending on the alternative assumptions concerning compensating macroeconomic policies, less than 1.0% of the workforce might experience dislocation in all cases. The results of the multilateral reduction are qualitatively similar to those of a unilateral reduction. | en_US |
dc.description.sponsorship | Research Seminar in International Economics, Department of Economics, University of Michigan | en_US |
dc.relation.ispartofseries | Seminar Discussion Paper | en_US |
dc.subject | Military | en_US |
dc.subject | Expenditures | en_US |
dc.subject.other | National Security and War | en_US |
dc.subject.other | Conflict | en_US |
dc.subject.other | Conflict Resolution | en_US |
dc.subject.other | Alliances | en_US |
dc.subject.other | Fiscal Policy | en_US |
dc.subject.other | U.S. | en_US |
dc.title | Some Economic Effects on Unilateral and Multilateral Reductions in Military Expenditures in the Major Industrialized and Developing Countries | en_US |
dc.type | Working Paper | en_US |
dc.subject.hlbsecondlevel | Economics | en_US |
dc.subject.hlbtoplevel | Social Sciences | en_US |
dc.description.bitstreamurl | http://deepblue.lib.umich.edu/bitstream/2027.42/100738/1/ECON204.pdf | |
dc.owningcollname | Economics, Department of - Working Papers Series |
Files in this item
-
Economics, Department of - Working Papers Series
Working papers from the Department of Economics
Remediation of Harmful Language
The University of Michigan Library aims to describe library materials in a way that respects the people and communities who create, use, and are represented in our collections. Report harmful or offensive language in catalog records, finding aids, or elsewhere in our collections anonymously through our metadata feedback form. More information at Remediation of Harmful Language.
Accessibility
If you are unable to use this file in its current format, please select the Contact Us link and we can modify it to make it more accessible to you.