Construct · 1 fields · 1 citations

Feder-Ram model: a standalone construct

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Defense economics

a two-sector growth model that separates the direct effect and the externality effect of military spending on civilian output.

In defense economics, Feder-Ram model refers to a two-sector growth model that separates the direct effect and the externality effect of military spending on civilian output. This meaning comes from Biswas (1986) in Economic Development and Cultural Change.[1]

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Nearby constructs

defense3 fields · 7 citationsjingle · one word, three constructs development1 fields · 2 citationsanchor · a standalone construct externality3 fields · 5 citationsjingle · one word, three constructs

References

Biswas, B., & Ram, R. (1986). Military Expenditures and Economic Growth in Less Developed Countries: An Augmented Model and Further Evidence. Economic Development and Cultural Change, 34(2), 361-372. https://doi.org/10.1086/451533

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