@article{ref1,
title="Military R and D: The economic implications of disarmament and conversion",
journal="Defence and peace economics",
year="1994",
author="Egea, Alejandro Nadal",
volume="5",
number="2",
pages="131-151",
abstract="The recent evolution of expenditures in military R&D is analyzed. The causes for the downward rigidity of expenditures in military R&D in the U.S. are examined, as well as the possible impact of a reduction in the medium- and long-term. The issues of productivity growth, spin-offs and crowding-out are considered. In general terms, it is not possible to justify high levels of military R&D expenditures on purely economic reasons. Finally, prospects and obstacles to conversion of resources devoted to military R&D are examined. Conversion is a process requiring resources, time and government intervention. The experience of science and technology policy can be applied fruitfully in this area.<p />",
language="",
issn="1024-2694",
doi="10.1080/10430719408404786",
url="http://dx.doi.org/10.1080/10430719408404786"
}