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Sectoral effects of reductions in NATO military expenditures in the major industrialized and developing countries

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  • Jon Haveman
  • Alan Deardorff
  • Robert Stern

Abstract

We use the Michigan Model of World Production and Trade to assess the sectoral effects of (1) a 25 percent unilateral reduction of military expenditures in the individual NATO countries and (2) a 25 percent multilateral reduction of military expenditures in all of the NATO countries combined. Our principal findings suggest that the overall effects of the unilateral and multilateral reductions are not substantial and that the results of the two reductions are qualitatively similar. The sectoral results, which are also broadly similar in the two experiments, suggest that sectors such as basic metals and metal products, durable goods, and community, social, and personal services might be in need of transitional adjustment assistance for displaced workers in the event that the reductions in military expenditures would in fact be carried out. Copyright Kluwer Academic Publishers 1993

Suggested Citation

  • Jon Haveman & Alan Deardorff & Robert Stern, 1993. "Sectoral effects of reductions in NATO military expenditures in the major industrialized and developing countries," Open Economies Review, Springer, vol. 4(3), pages 247-268, September.
    • Handle: RePEc:kap:openec:v:4:y:1993:i:3:p:247-268
    DOI: 10.1007/BF01000044
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    References listed on IDEAS

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    1. Jon D. Haveman & Alan V. Deardorff & Robert M. Stern, 1992. "Some Economic Effects of Unilateral and Multilateral Reductions in Military Expenditures in the Major Industrialized and Developing Countries," Conflict Management and Peace Science, Peace Science Society (International), vol. 12(1), pages 47-78, February.
    2. Alan K. Fox & Robert M. Stern, 1993. "Effects of Reductions in NATO Military Expenditures on US Employment by Sector/Occupation/Region," The World Economy, Wiley Blackwell, vol. 16(2), pages 193-211, March.
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    Cited by:

    1. Alan K. Fox & Robert M. Stern, 1993. "Effects of Reductions in NATO Military Expenditures on US Employment by Sector/Occupation/Region," The World Economy, Wiley Blackwell, vol. 16(2), pages 193-211, March.

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