Accession Number : AD0634353

Title :   ECONOMIC IMPACT OF SPACE EXPENDITURES,

Corporate Author : RAND CORP SANTA MONICA CALIF

Personal Author(s) : Barro, S. M.

Report Date : JUN 1966

Pagination or Media Count : 16

Abstract : The discussion deals with the fiscal effects of space spending. At least three different categories of potential benefits are examined: (1) Direct economic outputs from space operations. The primary examples to date have been communication, weather, and navigation satellites. There have not been any equivalent applications of manned space vehicles. (2) Technological 'spillover.' This term has been used to refer to fairly direct transfers to civilian technology of products, materials, and processes developed for the space program. The aggregate economic significance of spillovers thus far identified has not been very impressive. (3) General contributions to science and technology. This category comprises all of the economic benefits that might, in principle, be traced to the space program's augmentation of the nation's total R and D effort. It provides the broadest possibilities for claims about economic benefits from space, but of course, the most limited possibilities for rigorous measurement and verification.

Descriptors :   (*ECONOMICS, *ASTRONAUTICS), COSTS, UNITED STATES GOVERNMENT, PRODUCTION, EMPLOYMENT, LABOR, DISTRIBUTION(ECONOMICS), MONEY, GOVERNMENT PROCUREMENT, SPACE FLIGHT

Subject Categories : Economics and Cost Analysis
      Astronautics

Distribution Statement : APPROVED FOR PUBLIC RELEASE