Defense Spending Cutbacks and Real Interest Rates in the Neoclassical One-Sector and Two-Sector Models

• المؤلف الرئيسي: HOON, Hian Teck
• التنسيق: text
• اللغة: English
• منشور في: Institutional Knowledge at Singapore Management University 1992
• الموضوعات: Economics
• الوصول للمادة أونلاين: https://ink.library.smu.edu.sg/soe_research/182
• المؤسسة: Singapore Management University

This paper uses the neoclassical one-sector and two-sector models to examine the behavior of real interest rates in response to cutbacks on defense spending on capital goods and army personnel. It is demonstrated that while a permanent decline in defense spending on capital goods and military person...