The Effects of Military Spending on Economic Activity: Evidence from State Procurement Spending
The Effects of Military Spending on Economic Activity: Evidence from State Procurement Spending
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军事支出对经济活动的影响：来自国家采购支出的证据
DOI：
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发表时间：
1997
期刊：
影响因子：
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通讯作者：
M. Knetter
中科院分区：
文献类型：
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作者：
M. Hooker;M. Knetter
作者使用1963年至1994年期间的国家数据来估计就业增长对军事采购支出的反应。国家年面板提供了更大的变化，这两个变量比汇总数据。有两个主要发现。首先，军事采购支出确实解释了各州就业增长差异的统计显著程度，即使存在时间、州和其他控制的固定效应。其次，作者发现证据支持采购支出和就业增长之间的非线性关系。特别是，大的不利国家采购冲击对国家就业增长率的影响更大。版权所有1997年由俄亥俄州州立大学出版社。
The authors use state data from the period 1963-94 to estimate the response of employment growth to military procurement spending. The state-year panel provides greater variation in both variables than aggregate data. There are two main findings. First, military procurement spending does explain a statistically significant degree of the variation in employment growth across states, even in the presence of fixed effects for time and state and other controls. Second, the authors find evidence in support of a nonlinear relationship between procurement spending and employment growth. In particular, large adverse state procurement shocks have proportionately larger effects on state employment growth rates. Copyright 1997 by Ohio State University Press.