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  4. Fall 1992
  5. Converting Resources from Military to Non-military Uses

Journal of Economic Perspectives

ISSN 0895-3309 (Print) | ISSN 1944-7965 (Online)

Converting Resources from Military to Non-military Uses

  • Jurgen Brauer
  • John Tepper Marlin
Journal of Economic Perspectives
vol. 6, no. 4, Fall 1992
(pp. 145–164)
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Abstract

As a proportion of gross national product, U.S. military spending has declined steadily since the mid-1980s. The end of the Cold War has given rise to calls for even more cuts in military spending. In early 1992, President George Bush proposed to reduce military spending by 3 percent per year, in real dollars, for the next five years. The Democratic leadership in the House of Representatives countered with a plan calling for substantially deeper cuts. Any substantial changes in military expenditures imply a "conversion" of physical and human resources from military to nonmilitary uses. This article will focus on some distinctive characteristics of the U.S. military sector and on some adjustment costs that reduced military spending are likely to impose on military industries, occupations, regions, and communities.

Citation

Brauer, Jurgen, and John Tepper Marlin. 1992. "Converting Resources from Military to Non-military Uses." Journal of Economic Perspectives, 6 (4): 145–164. DOI: 10.1257/jep.6.4.145

JEL Classification

  • H56 National Security and War
  • L60 Industry Studies: Manufacturing: General
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