1. War Spending and Lost Opportunities
- Author:
- Heidi Garrett-Peltier
- Publication Date:
- 01-2019
- Content Type:
- Special Report
- Institution:
- Watson Institute for International and Public Affairs at Brown University
- Abstract:
- All types of federal spending have ripple effects throughout the economy. As funds are spent on war, there is demand not only for soldiers and for DOD personnel, but for the goods and services that support these positions. Likewise, if we focus on a sector such as clean energy, spending that is channeled directly to an industry such as solar or wind also creates secondary effects, what we call indirect employment, in industries such as hardware manufacturing, electronics production, and trucking. To capture the full effect of any federal spending, then, we need to estimate not only the direct jobs that are created by any type of spending, but also the indirect jobs that are supported throughout the supply chain.
- Topic:
- War, Labor Issues, Economy, Military Spending, and Job Creation
- Political Geography:
- North America and United States of America