000			02921cam a22003497 4500
001			w20944
003			NBER
005			20211020105703.0
006			m o d
007			cr cnu||||||||
008			210910s2015 mau fo 000 0 eng d
100	1		_aKhan, B. Zorina. _914176
245	1	4	_aThe Impact of War on Resource Allocation: _b'Creative Destruction' and the American Civil War / _cB. Zorina Khan.
260			_aCambridge, Mass. _bNational Bureau of Economic Research _c2015.
300			_a1 online resource: _billustrations (black and white);
490	1		_aNBER working paper series _vno. w20944
500			_aFebruary 2015.
520	3		_aWhat is the effect of wars on industrialization, technology and commercial activity? In economic terms, such events as wars comprise a large exogenous shock to labor and capital markets, aggregate demand, the distribution of expenditures, and the rate and direction of technological innovation. In addition, if private individuals are extremely responsive to changes in incentives, wars can effect substantial changes in the allocation of resources, even within a decentralized structure with little federal control and a low rate of labor participation in the military. This paper examines war-time resource reallocation in terms of occupation, geographical mobility, and the commercialization of inventions during the American Civil War. The empirical evidence shows the war resulted in a significant temporary misallocation of resources, by reducing geographical mobility, and by creating incentives for individuals with high opportunity cost to switch into the market for military technologies, while decreasing financial returns to inventors. However, the end of armed conflict led to a rapid period of catching up, suggesting that the war did not lead to a permanent misallocation of inputs, and did not long inhibit the capacity for future technological progress.
530			_aHardcopy version available to institutional subscribers
538			_aSystem requirements: Adobe [Acrobat] Reader required for PDF files.
538			_aMode of access: World Wide Web.
588	0		_aPrint version record
690		7	_aN11 - U.S. • Canada: Pre-1913 _2Journal of Economic Literature class.
690		7	_aN4 - Government, War, Law, International Relations, and Regulation _2Journal of Economic Literature class.
690		7	_aO3 - Innovation • Research and Development • Technological Change • Intellectual Property Rights _2Journal of Economic Literature class.
690		7	_aO51 - U.S. • Canada _2Journal of Economic Literature class.
710	2		_aNational Bureau of Economic Research.
830		0	_aWorking Paper Series (National Bureau of Economic Research) _vno. w20944.
856	4	0	_uhttps://www.nber.org/papers/w20944
856			_yAcceso en línea al DOI _uhttp://dx.doi.org/10.3386/w20944
942			_2ddc _cW-PAPER
999			_c327178 _d285740