Kollias, Christos; Maniatis, Thanasis - In: Defence and Peace Economics 14 (2003) 2, pp. 117-127
This paper examines the effect of military expenditure on the profitability of the Greek economy for the 1962-1994 period. In the theoretical debate on the role of military expenditures they have alternatively been viewed either as a "burden on growth" (i.e. an unproductive drain of resources)...