| 来源类型 | Working Paper
|
| 规范类型 | 报告
|
| DOI | 10.3386/w20944
|
| 来源ID | Working Paper 20944
|
| The Impact of War on Resource Allocation: 'Creative Destruction' and the American Civil War |
| B. Zorina Khan
|
| 发表日期 | 2015-02-09
|
| 出版年 | 2015
|
| 语种 | 英语
|
| 摘要 | What is the effect of wars on industrialization, technology and commercial activity? In economic terms, such events as wars comprise a large exogenous shock to labor and capital markets, aggregate demand, the distribution of expenditures, and the rate and direction of technological innovation. In addition, if private individuals are extremely responsive to changes in incentives, wars can effect substantial changes in the allocation of resources, even within a decentralized structure with little federal control and a low rate of labor participation in the military. This paper examines war-time resource reallocation in terms of occupation, geographical mobility, and the commercialization of inventions during the American Civil War. The empirical evidence shows the war resulted in a significant temporary misallocation of resources, by reducing geographical mobility, and by creating incentives for individuals with high opportunity cost to switch into the market for military technologies, while decreasing financial returns to inventors. However, the end of armed conflict led to a rapid period of catching up, suggesting that the war did not lead to a permanent misallocation of inputs, and did not long inhibit the capacity for future technological progress. |
| 主题 | History
; Macroeconomic History
; Other History
; Development and Growth
; Innovation and R&
; D
; Country Studies
|
| URL | https://www.nber.org/papers/w20944
|
| 来源智库 | National Bureau of Economic Research (United States)
|
| 引用统计 |
|
| 资源类型 | 智库出版物
|
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/578617
|
推荐引用方式
GB/T 7714 |
B. Zorina Khan. The Impact of War on Resource Allocation: 'Creative Destruction' and the American Civil War. 2015.
|
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