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Military Spending and Economic Well-Being in the American States: The Post-Vietnam War Era
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Abstract:
Considering the post-Vietnam period from 1978-2003, this paper investigates whether military spending improves or worsens the economic well-being of citizens within the 50 American states. We test two competing perspectives that predict opposite effects of military spending on economic well-being. The military displacement perspective suggests that military spending competes with and displaces more beneficial private investment and causes adverse effects on the economy. On the other hand, the military Keynesianism argument suggests that state managers uses military spending as a countercyclical tool to reduce the deleterious effects of economic downturns and that its effects on the economy are generally positive. Using state-level, longitudinal data we find support for the military Keynesianism argument. Several implications of these findings are discussed.
Most Common Document Word Stems: militari (205), spend (166), state (117), defens (112), econom (99), growth (60), percent (50), incom (48), model (47), well (43), increas (42), effect (41), manufactur (38), sector (37), time (36), poverti (35), well-b (35), 1 (35), personnel (33), result (31), use (31),

Author's Keywords: Military Spending, Economic Economic Well-Being, Economic Sociology, Time-Series, U.S. States	Convention All Academic Convention makes running your annual conference simple and cost effective. It is your online solution for abstract management, peer review, and scheduling for your annual meeting or convention. Submission - Custom fields, multiple submission types, tracks, audio visual, multiple upload formats, automatic conversion to pdf. Review - Peer Review, Bulk reviewer assignment, bulk emails, ranking, z-score statistics, and multiple worksheets! Reports - Many standard and custom reports generated while you wait. Print programs with participant indexes, event grids, and more! Scheduling - Flexible and convenient grid scheduling within rooms and buildings. Conflict checking and advanced filtering. Communication - Bulk email tools to help your administrators send reminders and responses. Use form letters, a message center, and much more! Management - Search tools, duplicate people management, editing tools, submission transfers, many tools to manage a variety of conference management headaches! Click here for more information.
Association: Name: American Sociological Association URL: http://www.asanet.org
Citation: URL: http://www.allacademic.com/meta/p102041_index.html Direct Link: HTML Code:

Borch, Casey. and Wallace, Michael. "Military Spending and Economic Well-Being in the American States: The Post-Vietnam War Era" Paper presented at the annual meeting of the American Sociological Association, Montreal Convention Center, Montreal, Quebec, Canada, Aug 11, 2006 Online <PDF>. 2008-09-05 <http://www.allacademic.com/meta/p102041_index.html>

Borch, C. A. and Wallace, M. E. (2006, Aug) "Military Spending and Economic Well-Being in the American States: The Post-Vietnam War Era" Paper presented at the annual meeting of the American Sociological Association, Montreal Convention Center, Montreal, Quebec, Canada Online <PDF> Retrieved 2008-09-05 from http://www.allacademic.com/meta/p102041_index.html

Publication Type: Conference Paper/Unpublished Manuscript Abstract: Considering the post-Vietnam period from 1978-2003, this paper investigates whether military spending improves or worsens the economic well-being of citizens within the 50 American states. We test two competing perspectives that predict opposite effects of military spending on economic well-being. The military displacement perspective suggests that military spending competes with and displaces more beneficial private investment and causes adverse effects on the economy. On the other hand, the military Keynesianism argument suggests that state managers uses military spending as a countercyclical tool to reduce the deleterious effects of economic downturns and that its effects on the economy are generally positive. Using state-level, longitudinal data we find support for the military Keynesianism argument. Several implications of these findings are discussed.

The Time Legislators Spend Fundraising for Themselves and for their Caucuses:Modeling Institutional, Personal and Political Effects in State Legislatures

The Causes and Consequences of Time Legislators Spend Fundraising for Themselves and for their Caucuses: Modeling Effects of Institutional Design and Personal and Political Context in State Legislatures