THE EFFECT OF WAR ON U.S. ECONOMIC GROWTH: COMPARING THE KOREAN WAR, VIETNAM WAR AND WARS IN MIDDLE EAST

Author

• Chaewoong Lee

Author Type

Graduate Student

Date of Award

2020

Document Type

Thesis

Publication Status

Version of Record

Submission Date

October 2026

Thesis/Dissertation Advisor [Chair]

Yuhn, Ky-Hyang

Abstract

Analyzing the effect of military expenditure on economic growth has been an essential task for U.S economists. This thesis analyzed macroeconomic components for the last 70 years by estimating the ordinary least squares (OLS) regression model and vector autoregressive model. To interpret the empirical analysis, historical analysis of the Korean War, the Vietnam War, and the Wars in the Middle East, was made. One found the negative effect of military spending during wartime on the economic growth of the United States. This thesis suggests that the policymakers and military commanders should focus on shortening the state of war to minimize economic damage to the United States.

Extent

51 p.

Comments

Includes bibliography.|Thesis (M.S.)--Florida Atlantic University, 2020.|FAU Electronic Theses and Dissertations Collection|Includes bibliography.

Recommended Citation

Lee, Chaewoong, "THE EFFECT OF WAR ON U.S. ECONOMIC GROWTH: COMPARING THE KOREAN WAR, VIETNAM WAR AND WARS IN MIDDLE EAST" (2020). Electronic Theses and Dissertations 2020 - Present. 602.
https://digitalcommons.fau.edu/etd_general/602

Identifier

FA00013506

Format

pdf