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| 1 |
ID:
076429
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| Publication |
2007.
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| Summary/Abstract |
This paper provides a methodology for estimating the economic impact of defence spending at a sub-regional level. It does so by calculating the income and employment generated by Britain's Royal Navy and associated defence activities in the City of Portsmouth and its surrounding area, during the financial year 2003-2004. In an era of military consolidation, the paper offers an insight into the multifaceted impact of defence-related expenditure. Hence, it presents a generic framework that could prove useful to other researchers when seeking to measure the sub-regional impact of naval, airforce and army facilities in other national contexts
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| 2 |
ID:
158443
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| Summary/Abstract |
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.
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