Re: growth opportunities and military keynesianism

[Jurriaan Bendien <bendien@xxxxxxxxxxxx>]

Is there any recent serious literature on the "multiplier effect" of
military expenditure ? One can strike a ratio between military budgets and
GDP etc., but it is virtually impossible to isolate a specifically military
industry from net output data, since there are relatively few contractors
whose only output is military hardware, they would produce for civil uses as
well. According to some sources, military expenditure is around 3-4 percent
of GDP in the USA, but other sources suggest a much higher figure (?). This
percentage is relatively low, relative to many other countries, but total
GDP is much larger, so the total amount of money involved is vastly larger.

J.