000 01498cam a2200241 4500500
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041 _afre
042 _adc
100 1 0 _aGentilucci, Eleonora
_eauthor
245 0 0 _aMilitary Spending and the Dynamics of Restructuring in the Defense Sector
260 _c2013.
500 _a9
520 _aThis article has two sections. First, we try to explain the dynamics of military spending and other social expenditures in the period 1988–2010 for the United States. Relying on 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 the detriment of those for education, social security, and healthcare. In the second section we analyze the transition from the old “military-industrial complex” to the new “military-security system” in light of defense industry restructuring. We focus in particular on the role of financialization and industrial concentration of firms.JEL Codes: H, H56, L, N4, P
690 _aarbitrage effect
690 _adefense industry
690 _afinancialization
690 _aindustrial concentration
690 _amilitary expenditure
690 _amilitary-industrial complex
690 _amilitary-security system
786 0 _nInnovations | o 42 | 3 | 2013-08-02 | p. 109-125 | 1267-4982
856 4 1 _uhttps://shs.cairn.info/journal-innovations-2013-3-page-109?lang=en&redirect-ssocas=7080
999 _c1672323
_d1672322