ANALYSING DEFENCE DEPENDENCY: THE IMPACT OF THE ROYAL NAVY ON A SUB‐REGIONAL ECONOMY |
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| Authors: | Michael Asteris Jeffery Grainger David Clark Shabbar Jaffry |
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| Institution: | 1. Department of Economics , Portsmouth Business School , Richmond Building, Portland Street, Portsmouth, Hampshire PO1 3DE, UK michael.asteris@port.ac.uk;3. Department of Economics , Portsmouth Business School , Richmond Building, Portland Street, Portsmouth, Hampshire PO1 3DE, UK |
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| 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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| Keywords: | Sub‐regional defence dependency Defence economics Input–output analysis Maritime defence expenditure Royal Navy |
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