Greece yearly allocates a substantial part of its national income to defence and its defence burden is the highest among EU and NATO members. To meet the demand for military hardware it relies almost exclusively on imports, ranking among the largest conventional arms importers in the world....

Research on the factors that determine the level of military expenditure or military burden in countries, suggest that the dynamics of the determinants of military spending will be best understood by case studies of individual countries and studies of groups of relatively homogeneous countries....

The article explores the spin-off effect controversy surrounding the role of military spending in economic development by investigating its impact on output in six industries linked to the military. The article's econometric investigation does not support the case for spin-off effects. The...

This study analyses the defence-growth relationship for 64 developing economies using cross-section data. It analyses the impact of military expenditure on economic growth with a demand and supply side model using simultaneous equation methodologies (2SLS and 3SLS). The empirical results,...

The US Air Force is facing a record shortfall in pilots over the coming decade. Using personnel data on more than 10,000 Air Force pilots, this study examines the factors affecting the retention of pilots and assesses the effectiveness of the pilot bonus programme implemented by the Air Force to...

European defence policy has been dominated by politics. This paper shows how economic principles can be used to derive guidelines for the formulation of European defence policy. The inefficiencies of the EU's existing defence arrangements are identified. It is shown that there is scope for...

This paper presents a brief description of the Canadian Department of National Defence (DND) price trend model and the associated chained Laspeyres defence specific price index. The paper also discusses the theoretical justification for and against defence specific inflation (DSI) and presents...

This article is organized around two major topics addressed by nineteenth and early twentieth century economists: (1) international economic relations and war and (2) economic activity in the shadow of conflict. My thesis is that an early and neglected reservoir of economic thought on peace and...

This paper constructs a matrix of the effects of the economy on military affairs and vice versa. Each cell of the matrix is filled with five research questions that either have not yet yielded conclusive answers, or only partial answers, or have barely been addressed at all in the literature....

Even though the military expenditure - economic growth relationship has been intensively investigated in the defence economics literature, few studies have been devoted to investigate the nature of military expenditure related employment in armed forces, civil service and in the industries that...