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Bringing the Military Back in: Military Expenditures and Economic Growth 1990 to 2003
After the peace bonus era, global military expenditures have escalated sharply despite some worldwide declines in military personnel. Theories on the economic impacts of the military institution and escalated military spending greatly differ and ...
Jeffrey Kentor, Edward Kick
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The impact of covid-19 pandemic on military expenditures and economic growth of Balkan countries [PDF]
The global changes caused by COVID-19 pandemic had a huge impact on world economy, and defence systems of all states. As the South East European countries are a part of the world economy, the events caused by the pandemic have influenced the economic ...
Neševski Aleksandar S.
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Dynamics of military expenditures in the contemporary world as a factor of geopolitical positioning of states [PDF]
The paper points to the importance of investing in the defense capabilities of a country, through the presentation of its military expenditures as a reference indicator of military power.
Đorđević Saša G.
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Optimal growth under military threat [PDF]
National Defense is a public good that requires resources for its production and its availability affects the economic behavior of private agents. A major policy problem of the government is to find an optimal allocation of resources between private use ...
Ersel, Hasan
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Testing the Guns and (or) Butter Hypothesis in High, Middle and Low Income Countries [PDF]
Based on the Guns and Butter hypothesis, rising military expenditures could lead to higher levels of economic growth. In contrast to this hypothesis, the Guns or Butter hypothesis believes that rising military expenditures decreases the level of economic
Mohammad Hassan Fotros +1 more
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Military Expenditure, Threats, and Growth [PDF]
This paper clarifies one of the puzzling results of the economic growth literature: the impact of military expenditure is frequently found to be non-significant or negative, yet most countries spend a large fraction of their GDP on defense and the military.
Aizenman, Joshua, Glick, Reuven
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Free-Riding Problem in Alliance
Long-term cuts in military expenditures of European allied countries caused growing differences within the Alliance which can be seen in uneven sharing of military burden and in behaviour called free-riding.
Jakub Odehnal
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Military Expenditure, Investment and Growth [PDF]
This paper considers the issues involved in estimating the effect of military expenditure on growth and the reasons for the lack of consensus in the literature. It briefly reviews the economic theory, emphasising the difficult identification issues involved in determining the interaction between military expenditure and output and discusses econometric
J. Paul Dunne, Ron P. Smith
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Do Better Political Relations with the USA Improve A Country’s Economic Outlook?
In this paper, we investigate general patterns, if any, in economic and financial conditions following improved or damaged political relations with the USA.
Amirhossein Najafi +2 more
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GOVERNMENT EXPENDITURES WITHOUT GROWTH: THE CASE OF TURKEY
Share of government expenditures in the GDPs are increasing virtually everywhere. Available data for developed countries indicate that the beginnings of this upward trend date back to the mid-19th century.
Orçun Söylemez, Özkan Zülfüoğlu
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