| ID | 158443 |
| Title Proper | Economic effect of military facility contraction |
| Other Title Information | a naval case study |
| Language | ENG |
| Author | Asteris, Michael ; Clark, David |
| Summary / Abstract (Note) | The global financial turmoil of 2008 has resulted in the curtailment of military expenditure in most western countries. At a sub-regional-level reductions in the level of activity at a major military facility can have significant economic impact. In the light of this, the paper has two objectives: to analyse the impact of the decision to terminate naval shipbuilding at the United Kingdom’s Portsmouth Naval Base; and, for illustrative purposes, to examine the possible economic consequences of further contraction at the facility. In pursuit of these aims, it is necessary to establish the output, income and employment generated by the base using a bespoke input–output model. The methodology employed can, with appropriate adjustments, be utilised in other military or civilian contexts. |
| `In' analytical Note | Defence and Peace Economics Vol. 29, No.3; May 2018: p.268-293 |
| Journal Source | Defence and Peace Economics Vol: 29 No 3 |
| Key Words | Shipbuilding ; Input–output Analysis ; Local Economy ; Naval Facility Contraction |