The Effects of Department of Defense and Federal Spending Upon State Economic Growth

Abstract

The thesis evaluates the impact of spending by the Department of Defense and the Federal Government upon the economic growth of the states in which funds are expended. A pooled cross-section and time-series analysis is performed on a database describing the period 1976-1985 and including the forty- eight contiguous states. Personal income is used as a proxy for economic growth. The econometric models are estimated using three separate regression methodologies. Consistent parameter estimates permit the author to conclude that Defense Investment spending is highly associated with economic growth. Defense expense spending is less highly associated with growth. Federal spending other than for defense or intergovernmental aid to state and local governments exhibits an inconclusive relationship with economic growth.

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Document Details

Document Type
Technical Report
Publication Date
Dec 01, 1988
Accession Number
ADA203927

Entities

People

  • Ernest G. Anastos

Organizations

  • Naval Postgraduate School

Tags

Communities of Interest

  • Biomedical
  • Energy and Power Technologies
  • Ground and Sea Platforms
  • Human Systems

DTIC Thesaurus Topics

  • Business Administration
  • Commerce
  • Databases
  • Department Of Defense
  • Economic Analysis
  • Employment
  • Governments
  • Information Science
  • Investments
  • Local Governments
  • National Governments
  • Organizational Structure
  • Simulations
  • Standards
  • United States
  • United States Government
  • Uss America

Readers

  • Computational Modeling and Simulation
  • Economics