Defence Output Measures – An Economics Perspective

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Authors
  1. Hartley, K.
Corporate Authors
Defence R&D Canada - Centre for Operational Research and Analysis, Ottawa ON (CAN);York Univ, York (England) Dept of Economics
Abstract
This Contract Report examines the measurement of defence output from an economics perspective. Economic theory offers some policy guidelines for determining the optimal defence output for any society. As an optimising problem, the economics rule is to aim at the socially desirable or optimal defence output which is achieved by equating additional or marginal costs with additional or marginal benefits. While the economics approach is difficult to ‘operationalise’ into a set of clear unambiguous policy guidelines, it does provide a framework for designing valuations for defence outputs and activities. Experience of measuring defence outputs is reported for the UK, Australia, New Zealand, a group of European nations and the USA.

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Keywords
Defence Economics;Output Measures;Strategic Planning;Production Functions
Report Number
DRDC-CORA-CR-2011-178 — Contractor Report
Date of publication
01 Nov 2011
Number of Pages
52
DSTKIM No
CA036873
CANDIS No
536581
Format(s):
Electronic Document(PDF)

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