By Topic

Defense R&D, technology, and economic performance: a longitudinal analysis of the US experience

Sign In

Cookies must be enabled to login.After enabling cookies , please use refresh or reload or ctrl+f5 on the browser for the login options.

Formats Non-Member Member
$31 $13
Learn how you can qualify for the best price for this item!
Become an IEEE Member or Subscribe to
IEEE Xplore for exclusive pricing!
close button

puzzle piece

IEEE membership options for an individual and IEEE Xplore subscriptions for an organization offer the most affordable access to essential journal articles, conference papers, standards, eBooks, and eLearning courses.

Learn more about:

IEEE membership

IEEE Xplore subscriptions

2 Author(s)
Chakrabarti, A.K. ; Sch. of Ind. Manage., New Jersey Inst. of Technol., Newark, NJ, USA ; Anyanwu, C.L.

The impact of defense expenditure is discussed in terms of the direct relationships between defense R&D and economic performance as well as the indirect relationships between the development of technical and scientific skills and new technology. The model is estimated for the period 1955-1988 on a time-series set measured as elasticities. The effect of defense R&D is observed through technological change as measured by the number of patents granted to US organizations and individuals. Results indicate no statistically visible evidence of direct effect from defense R&D to the economy. The nonR&D aspect of defense spending appears to have no statistically significant effect on the major components of civilian economic performance, technical skills formation or technological change. From a policy point of view, this suggests that technical spillovers may be limited to a specific kind of defense spending and not to defense spending in general. Another implication is that the rivalry between R&D and nonR&D defense spending favors the latter

Published in:

Engineering Management, IEEE Transactions on  (Volume:40 ,  Issue: 2 )