Economic impact of space expenditures: Some broad issues dealing with costs and benefits

Abstract

T he economic impact of space program spending comprises all of the changes in economic activity-in production, distribution, and employment-that are caused by an increase or decrease in the level of program expenditure. These components may be examined and discussed at various levels of detail and in several contexts. They may be looked at initially from an over-all, macroeconomic point of view, in which the measures of economic impact are changes in national income and employment aggre-