driving consolidation and provide greater insight to policy makers seeking to improve the performance of the defense industry …Conventional wisdom holds that defense industry consolidation resulted from decreased defense spending. However, we … maintain that understanding dynamic changes in key defense institutions helps provide a more complete explanation for observed …

Throughout history, border walls and fences have been built for defense, to claim land, to signal power, and to control …

US military Research and Development (R&D) expenditures arguably represent the best example of mission-oriented policy …. They are sizeable, with a clear-cut public purpose (national defense) and with the government being their exclusive … investigate the impact of defense R&D on privately-financed R&D. To address potential endogeneity in the allocation of funds, we …

defense expenditures leads to about 0.56 percent and 0.27 percent incremental change in inflation rate respectively. On the …

the specific categories of public expenditures and economic growth, captured in human capital formation, defense …

Air Force. The reform seeks to address challenges facing military R&D, in particular a less innovative defense industrial … base. We show that the Open program attracts new entrants, defined as younger firms and those without previous defense SBIR … awards. In a regression discontinuity design that offers the first causal evaluation of a defense R&D program, we show that …