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US demilitarization and global warming : An empirical investigation of the environmental peace dividend
Authors:Anthony G. Heyes  Catherine Liston-Heyes  
Affiliation:

a A.G. Heyes is with the Department of Economics, Birkbeck College, University of London, 13–15, Greese Street, London W1P 1PA, UK

b Catherine Liston-Heyes is with the Groupe de Recherche en Économie de l'Energie et des Ressources Naturelles, (GREEN), Université Laval, Quebec, G1K 7P4, Canada

c National Westminster Centre for Management Studies, Royal Holloway and Bedford New College, University of London, Egham, Surrey, UK

Abstract:In the paper input-output methods are used to generate ballpark empirical estimates of the implications for global warming of the projected demilitarization of the US federal budget. The impact is found to be qualitatively ambiguous, and highly sensitive to the manner in which the funds saved are distributed. The effect is adverse where the budgetary savings are used to fund economy-wide cuts in personal taxation and/or deficit reduction. In other cases the effect may be neutral or beneficial.
Keywords:Global warming   Demilitarization   Energy accounting
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