The effects of military spending on economic activity: Evidence from state procurement spending

Journal of Money, Credit and Banking

Volumn 29, Issue 3, 1997, Pages 400-421

  Hooker, Mark A ^a   Knetter, Michael M ^a  

^a NONE

Author keywords

[No Author keywords available]

Indexed keywords

EID: 0031534052     PISSN: 00222879     EISSN: None     Source Type: Journal    
DOI: 10.2307/2953702     Document Type: Article

References (27)

1. Bernanke, Ben S., and Mark Gertler. "Inside the Black Box: The Credit Channel of Monetary Policy Transmission." Journal of Economic Perspectives 9 (1995), 27-48.
2. Caballero, Ricardo, Eduardo M.R.A. Engel, and John Haltiwanger. "Aggregate Employment Dynamics: Building from Microeconomic Evidence." National Bureau of Economic Research Working Paper no. 5042, 1995.
3. Carruth, Alan A., Mark A. Hooker, and Andrew J. Oswald. "Unemployment Equilibria and Input Prices: Theory and Evidence from the United States." Dartmouth College Working Paper 95-1, 1995.
4. Cooper, Russell, and Andrew John. "Coordinating Coordination Failures in Keynesian Models." Quarterly Journal of Economics 103 (1988), 441-63.
5. Davis, Steven J., Prakash Loungani, and Ramamohan Mahidhara. "Regional Unemployment Cycles." Manuscript, April 1996.
6. Durlauf, Steven N. "Multiple Equilibria and Persistence in Aggregate Fluctuations." National Bureau of Economic Research Working Paper no. 3629, 1991.
7. Gertler, Mark. "Financial Structure and Aggregate Economic Activity: An Overview." Journal of Money, Credit, and Banking 20 (1988), 559-88.
8. Hall Robert E. "The Relation between Price and Marginal Cost in U.S. Industry." Journal of Political Economy 96 (1988), 921-47.
9. _. Booms and Recessions in a Noisy Economy. New Haven: Yale University Press, 1991.
10. Hamilton, James D. "Oil and the Macroeconomy since World War II." Journal of Political Economy 91 (1983), 228-48.
11. Holtz-Eakin, Douglas, Whitney Newey, and Harvey S. Rosen. "Estimating Vector Autoregressions with Panel Data." Econometrica 56 (1988), 1371-95.
12. Hooker, Mark A. "What Happened to the Oil Price-Macroeconomy Relationship?" Journal of Monetary Economics 38 (October 1996), 195-214.
13. _. "How Do Changes in Military Spending Affect the Economy? Evidence from State Level Data." New England Economic Review (March/April 1996), 3-15.
14. Hooker, Mark A., and Michael M. Knetter. "Unemployment Effects of Military Spending: Evidence from a Panel of States." National Bureau of Economic Research Working Paper no. 4889, 1994.
15. Hsaio, Cheng. Analysis of Panel Data. New York: Cambridge University Press, 1986.
16. Keane, Michael P., and David E. Runkle. "On the Estimation of Panel Data Models with Serial Correlation When Instruments Are Not Strictly Exogenous." Journal of Business and Economic Statistics 10 (1992), 1-9.
17. Marston, Stephen. "Two Views of the Geographic Distribution of Unemployment." Quarterly Journal of Economics 100 (1985), 57-79.
18. Mayer, Kenneth. The Political Economy of Defense Contracting. New Haven: Yale University Press, 1991.
19. Nickell, Stephen. "Biases in Dynamic Models with Fixed Effects." Econometrica 49 (1981), 1417-26.
20. Peek, Joe, and Eric S. Rosengren. "The Capital Crunch: Neither a Borrower nor a Lender Be." Journal of Money, Credit, and Banking 27 (August 1995), 625-38.
21. Pesaran, M. Hashem, and Ron Smith. "Estimating Long-Run Relationships from Dynamic Heterogeneous Panels." Journal of Econometrics 68 (1995), 79-113.
22. Ram, Rati. "Defense Expenditure and Economic Growth." In Handbook of Defense Economics, edited by K. Hartley and T. Sandler, pp. 251-71. Amsterdam: North Holland, 1995.
23. Ramey, Valerie. "Inventories as Factors of Production and Economic Fluctuations." American Economic Review 79 (1989), 338-54.
24. Rotemberg, Julio, and Michael Woodford. "Oligopolistic Pricing and the Effects of Aggregate Demand on Economic Activity." Journal of Political Economy 100 (1992), 1153-1207.
25. Shea, John. "The Input-Output Approach to Instrument Selection." Journal of Business and Economic Statistics 11 (1993), 145-55.
26. U.S. Department of Defense. Adjusting to the Drawdown. Report of the Defense Conversion Commission, Berteau et al., December 1992.
27. U.S. Congressional Budget Office Study. Economic Effects of Reduced Defense Spending February 1992.