Chapter 3, co-authored with Lone E. Christiansen, follows the approach in Chapter 2 but examines the effects of military prime contracts at the regional level. The analysis shows that at the regional level, military prime contracts lead to the development of new technology. However, labor productivity at the regional level is only affected insignificantly.Ramey (2004), and Christiano, Eichenbaum, and Vigfusson (2003) use long-run restrictions in order to identify a shock that is the sole source of permanent effects on productivity. This shock is labeled a technology shock. However, changes inanbsp;...
|Title||:||Essays on Regional and Firm-level Productivity, Military Spending, and Technology|
|Author||:||Bryan Daniel Goudie|
|Publisher||:||ProQuest - 2008|