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"For United States annual data that include World War II, the estimated multiplier for temporary defense spending is 0.4–0.5 contemporaneously and 0.6-0.7 over 2 years. If the change in defense spending is "permanent" (gauged by Ramey's defense-news variable), the multipliers are higher by...
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This report assesses the relationship between defense spending in Hawaii and the levels of output, employment, and … expenditures and the levels of output, employment, and earnings in Hawaii's economy. The analysis uses an input-output model for …
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