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This paper explores the means by which warfare influences domestic commodity markets. It is argued that England during the French Wars provides an ideal testing ground. Four categories of explanatory variables are taken as likely sources of documented changes in English commodity price...
Persistent link: https://www.econbiz.de/10013139748
fight and endure war, the government elites began to provide public goods, reduced rent extraction and adopted policies to …
Persistent link: https://www.econbiz.de/10012955943
This paper attempts to provide a more complete reckoning of the costs of the Iraq War, using standard economic and … underestimate the War's true costs. We estimate a range of present and future costs, by including expenditures not in the $500bn CBO … the war on the overall performance of the economy. Even taking a conservative approach and assuming all US troops return …
Persistent link: https://www.econbiz.de/10013224204
the implications of the war costs themselves. Besides the unanticipated length and breadth of the military conflicts … motivations associated with war cost forecasts by comparing them with other types of aggregate forecasts, which are prone to … similar types of errors. The history of war cost forecasts suggests that increasing their frequency and transparency may …
Persistent link: https://www.econbiz.de/10013141284
mobilization for World War II to test the big push hypothesis in the context of postwar industrialization in the American South … of wartime investment. Despite a boom in manufacturing activity during the war, the evidence is not consistent with …
Persistent link: https://www.econbiz.de/10012954917
a higher fraction of women working not only for the generation directly affected by the war, but also for the next …
Persistent link: https://www.econbiz.de/10013224435
The process by which the US economy was mobilized during World War I was the subject of considerable criticism both at … of active US involvement was remarkable. The United States entered the war in 1917 having made only limited preparations … force in the 15 to 44 age bracket. Overall in 1918, one fifth or more of the nation's resources was devoted to the war …
Persistent link: https://www.econbiz.de/10013313268
defense production played in reducing this gap. Exploiting variation across labor markets in the allocation of war contracts … to private firms, we find that war production contracts resulted in significant increases in the earnings of Black … upgrading and half of the estimated wage gains associated with the war production effort. Additionally, the war production …
Persistent link: https://www.econbiz.de/10013299200
interaction between the scarcity of resources and the incentives for war in the presence of limited commitment is at the center of … our theory. We show that a key parameter determining the incentives for war is the elasticity of demand. Our first result … identifies a novel externality that can precipitate war: price-taking firms fail to internalize the impact of their extraction on …
Persistent link: https://www.econbiz.de/10013131444
shortly after the war seem to have dissipated by 2000. While these are important outcomes to economists, by focusing on them …
Persistent link: https://www.econbiz.de/10013131668