An Economic Analysis of Investment in the United States Shipbuilding Industry PDF Download
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Author: Nicholas A. Meyers Publisher: ISBN: Category : Economics Languages : en Pages : 0
Book Description
Amidst the global economic recession and sizeable injections of federal stimulus packages, the U.S. Navy's budget for ship construction has experienced only modest real growth. While the 2010 Quadrennial Defense Review has reaffirmed a fleet size goal of 313 ships, some suggest that 20 billion dollars or more per year is needed to attain this level of strategic resources. This research has analyzed the United States' shipbuilding industry as a potential source of economic stimulus using measures applied in the United Kingdom by economists at Oxford Economics. First, monetary impacts from the "ship building and repairing" sector were analyzed using U.S. Bureau of Economic Analysis (BEA) input/output data and the "Leontief inversion process" modeled at Carnegie Mellon University. This sector was compared with five alternative investments. Second, the benefits of the shipyard-related labor market were analyzed using data from the BEA and Naval Sea Systems Command. Measures of capital intensity and capacity were then applied to companies representing five industries. The results suggest that U.S. shipbuilding generates monetary benefits comparable to alternatives, while supporting more labor than other sectors. Finally, excess capacity shows a clear ability to absorb an increase in demand, providing prompt and positive impact on sustainable economic recovery.
Author: Nicholas A. Meyers Publisher: ISBN: Category : Economics Languages : en Pages : 0
Book Description
Amidst the global economic recession and sizeable injections of federal stimulus packages, the U.S. Navy's budget for ship construction has experienced only modest real growth. While the 2010 Quadrennial Defense Review has reaffirmed a fleet size goal of 313 ships, some suggest that 20 billion dollars or more per year is needed to attain this level of strategic resources. This research has analyzed the United States' shipbuilding industry as a potential source of economic stimulus using measures applied in the United Kingdom by economists at Oxford Economics. First, monetary impacts from the "ship building and repairing" sector were analyzed using U.S. Bureau of Economic Analysis (BEA) input/output data and the "Leontief inversion process" modeled at Carnegie Mellon University. This sector was compared with five alternative investments. Second, the benefits of the shipyard-related labor market were analyzed using data from the BEA and Naval Sea Systems Command. Measures of capital intensity and capacity were then applied to companies representing five industries. The results suggest that U.S. shipbuilding generates monetary benefits comparable to alternatives, while supporting more labor than other sectors. Finally, excess capacity shows a clear ability to absorb an increase in demand, providing prompt and positive impact on sustainable economic recovery.
Author: Harry Williams Publisher: ISBN: Category : Languages : en Pages : 150
Book Description
The report examines the investment cost of US naval ships in order to determine whether alternative procurement practices might lead to reduced costs. The analysis was limited to privately owned shipyards in the United States and other selected countries and was only concerned with that portion of the work carried out in the shipyard (i.e., it did not consider Government-furnished equipment). The report identifies three ways in which the procurement cost of US naval ships could be reduced. First, research indicated that between 1951 and 1965 the US Navy could have aggregated its ship purchasing so as to realize fully those cost reductions typically associated with volume procurement. Second, the US naval shipbuilding industry could have exhibited more efficiency than it did given US factor costs. Third, the US Navy could purchase ships from selected foreign shipbuilders at reduced cost. (Author).
Author: Edward Geoffrey Keating Publisher: Rand Corporation ISBN: Category : Business & Economics Languages : en Pages : 0
Book Description
"The Economic Consequences of Investing in Shipbuilding: Case Studies in the United States and Sweden assesses the economic consequences of shipbuilding that is, the economic impacts that a shipbuilder has on its local community and region. This report is part of a larger project to inform Australian policymakers of the economics and feasibility of various strategies for the Australian shipbuilding industrial bases that produce or repair naval surface vessels. The authors utilize a case study methodology to examine Newport News Shipbuilding in Newport News, Virginia, and Austal USA shipbuilding in Mobile, Alabama. They complement and contrast analysis of these shipbuilders by examining the impact of the Saab Aeronautics Gripen program on Linkoping, Sweden. Both shipbuilders have had favorable effects on their local economies. Neither shipbuilder shows evidence of sizable adverse displacement effects; the shipbuilders appear not to have deprived other local firms of labor. On the other hand, neither shipbuilder has given rise to the Silicon Valley type ecosystem of favorable spillovers and spin-offs that appears to have emanated from the Gripen program. The research therefore stakes out a middle-ground position in the Australian policy debate. The authors accept neither a shipbuilding has no impact argument nor a shipbuilding will have large-scale beneficial effects argument. The indigenous production of ships in Australia cannot be expected to have both low opportunity costs and displacements and high levels of favorable spillovers. Instead, these two objectives seem to trade off against one another."--Back cover.
Author: United States. Congress. Joint Economic Committee. Subcommittee on International Trade, Finance, and Security Economics Publisher: ISBN: Category : Nuclear submarines Languages : en Pages : 452
Author: United States. Commission on American Shipbuilding Publisher: ISBN: Category : Shipbuilding Languages : en Pages : 36
Book Description
Report and recommendations on the shipbuilding industry in the USA - covers shipbuilding costs and prices, factors governing competitiveness, employment and wages, subsidies, etc. References and statistical tables.
Author: Nicholas A. Meyers
Author: Nicholas A. Meyers
Author: Harry Williams
Author: 
Author: John Joseph Moran
Author: Edward Geoffrey Keating
Author: William F. Beazer
Author: United States International Trade Commission
Author: 
Author: United States. Congress. Joint Economic Committee. Subcommittee on International Trade, Finance, and Security Economics
Author: United States. Commission on American Shipbuilding