During the 19th century, the Utopian economists (as Karl Marx ironically nicknamed them) developed some revolutionary projects of social organisation, breaking away from capitalism. Opposed to political violence, their writings anticipated a peaceful evolution towards a social model similar to...

Many studies have examined the relationship between defense spending and growth in real aggregate output with mixed results. Most recently, Atesoglu (2002) finds a positive relationship between defense spending and output. Capturing the error correction term as the long run adjustment parameter...

This paper analyzes the relationship between government budget deficits, defence expenditure and income redistribution among different social-income groups in Turkey for the period 1965-2003. The analysis was based on a five-equation vector auto regressive (VAR) model and impulse response...

Two NATO allies, Greece and Turkey, have also been considered potential threats to each other. Thus, these countries' military spending has been subject to many academic studies to observe if these potential threats trigger the military spending of both countries. Nonetheless, most regression...

The move towards a common European defence policy raises a multitude of multidimensional and complex issues. As pointed out in a recent paper (Hartley, 2003), these issues include economic aspects ranging from the role of the European defence industrial base to the costs of a common defence...

This study investigates the relationship between cultural diversity, political violence and public expenditures. Using a cross-section of cultural diversity indices, it is empirically examined whether cultural diversity caused or intensified political violence in the 1980s and 1990s. It is found...

Fiji's total debt stands at 65% of GDP. Domestic debt constitutes 55% of GDP. The goal of this paper is to investigate whether military expenditure has contributed to Fiji's exploding debt levels over the period 1970 to 2005. Our empirical analysis, conducted within a cointegration and vector...

In this paper we seek to answer the question: why do governments engage in mass killing? Tullock (1974) gives gain or avoidance of loss as the motive. We construct a three-stage theoretic framework to explain the choice of a ruler of a country. The conditions that must be met for a mass killing...

In the defense policy literature, it is widely believed that there is a pronounced bias towards the procurement of a less than optimal number of excessively sophisticated weapons. In this paper, we consider the possibility that this perceived bias is the result of the timing and informational...

Considering the importance of military expenditures on political and economical success of a government, this empirical study analyzes the relations between political stability, economic growth and military expenditures. Based on the theoretical model developed by Blomberg (1996), the vector...