Civil and military R&D spending: the case of numerically controlled machine tools

by Rachel Schmidt

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This paper discusses the numerically controlled (NC) machine tool industry as part of a broader study conducted by the RAND Graduate School's Civil and Military Technology Workshop. After giving a brief history and description of the industry, the author addresses the spillover effect that military research and development investments in this area might have on the civilian economy, how military investments might be used to overcome existing market failures in joint military/civilian NC machine tool industries, and any negative impact that military investments might have on pertinent technological development due to investment crowding or raising of market prices.

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