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Military spending : A perspective on the restructuring dynamics of the defense sector

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  • Eleonora Gentilucci

    (CES - Centre d'économie de la Sorbonne - UP1 - Université Paris 1 Panthéon-Sorbonne - CNRS - Centre National de la Recherche Scientifique)

Abstract

This article is articulated in two sections. In the first-one we try to explain the dynamics of military spending and others social expenditures in the period 1988-2010 for the United States. According to empirical data we support the argument that there is a remarkable trade-off in the allocation of public spending, because, often, the increase in military expenditures was to detriment of those for the education, social security and health. In the second section we analyze the transition from the old "military industrial complex" to the new "military-security system" in the light of defense industry restructing. We focus in particular on the role of financialization and industrial concentration of the firms.

Suggested Citation

  • Eleonora Gentilucci, 2012. "Military spending : A perspective on the restructuring dynamics of the defense sector," Université Paris1 Panthéon-Sorbonne (Post-Print and Working Papers) halshs-00747877, HAL.
    • Handle: RePEc:hal:cesptp:halshs-00747877
    Note: View the original document on HAL open archive server: https://shs.hal.science/halshs-00747877
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    References listed on IDEAS

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    1. Malcolm Knight & Norman Loayza & Delano Villanueva, 1996. "The Peace Dividend: Military Spending Cuts and Economic Growth," IMF Staff Papers, Palgrave Macmillan, vol. 43(1), pages 1-37, March.
    2. David Gold, 1997. "Evaluating the trade-off between military spending and investment in the United States," Defence and Peace Economics, Taylor & Francis Journals, vol. 8(3), pages 251-266.
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