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Estimating the value of overseas security commitments / Daniel Egel, Adam R. Grissom, John P. Godges, Jennifer Kavanagh, Howard J. Shatz.
Author
Egel, Daniel
[Browse]
Format
Book
Language
English
Published/Created
Santa Monica, Calif. : RAND Corporation, [2016]
©2016
Description
xiii, 81 pages : color illustrations, color maps ; 28 cm.
Availability
Available Online
RAND Reports
Copies in the Library
Location
Call Number
Status
Location Service
Notes
Firestone Library - Stacks
UA25.5 .E34 2016
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Details
Subject(s)
Economic impact analysis
—
United States
[Browse]
United States
—
Armed Forces
—
Foreign countries
[Browse]
United States
—
Armed Forces
—
Appropriations and expenditures
[Browse]
United States
—
Commerce
[Browse]
Author
Grissom, Adam
[Browse]
Godges, John
[Browse]
Kavanagh, Jennifer, 1981-
[Browse]
Shatz, Howard J.
[Browse]
Issuing body
Project Air Force (U.S.)
[Browse]
Series
Research report (Rand Corporation) ; RR-518-AF.
[More in this series]
[Research reports] ; RR-518-AF
Summary note
"Since the 1940s, U.S. international leadership has been justified, in part, by claims of a positive relationship between global stability and domestic prosperity. However, the economic returns from U.S. overseas security commitments have proved extraordinarily difficult to measure. Some policymakers and academics now support reducing or eliminating such commitments, especially in this era of mounting fiscal pressures. RAND researchers use advanced econometric techniques and new data on U.S. overseas security commitments to explore whether and to what extent the United States derives economic benefits from these commitments. The analysis finds that the commitments have positive and statistically significant effects on both U.S. bilateral trade and non-U.S. global bilateral trade. The authors find mixed evidence of the effects on trade costs and no evidence of any effects on civil conflict, either for better or for worse.The authors estimate that a 50-percent retrenchment in U.S. overseas security commitments could reduce U.S. bilateral trade in goods and services annually by as much as $577 billion -- or 18 percent -- excluding trade with Canada and Mexico. Based on conservative assumptions, the resulting annual decline in U.S. gross domestic product (GDP) would be $490 billion (in 2015 U.S. dollars). Others suggest that the GDP benefits of an 80-percent retrenchment could reach $139 billion, but that is less than one-third of the estimated economic losses from just a 50-percent retrenchment. U.S. policymakers should carefully weigh the potential losses against the potential gains when considering large-scale retrenchments of U.S. overseas security commitments"--Publisher's web site.
Notes
"RAND Project Air Force."
Bibliographic references
Includes bibliographical references (pages 77-81).
Contents
Introduction
Measuring U.S. external security commitments
Empirical approach and identification
U.S. bilateral trade
Global bilateral trade
Global stability
Trade costs
Estimated effects of a 50-percent reduction in external security commitments
Conclusion.
Show 6 more Contents items
ISBN
0833094130
9780833094131
OCLC
959594598
Statement on language in description
Princeton University Library aims to describe library materials in a manner that is respectful to the individuals and communities who create, use, and are represented in the collections we manage.
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Other versions
Estimating the value of overseas security commitments / Daniel Egel [et al.].
id
99125445812106421
Estimating the value of overseas security commitments / Daniel Egel, Adam R. Grissom, John P. Godges, Jennifer Kavanagh, Howard J. Shatz.
id
SCSB-9966278