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International Monetary Fund - 2000

Anecdotal evidence relates corruption with high levels of military spending. This paper tests empirically whether such … the period 1985–98. The association between military spending and corruption is ascertained by using panel regression … techniques. The results suggest that corruption is indeed associated with higher military spending as a share of both GDP and …

Persistent link: https://www.econbiz.de/10014399916

Military Expenditure and Arms Trade : Alternative Data Sources

Wakeman-Linn, John - 1994

Analysis of the economic impact of military expenditures and arms trade is frequently hampered by the limited amount of transparent, comprehensive data. Country-specific information can be supplemented, however, by data from multicountry statistical sources. This paper describes seven...

Persistent link: https://www.econbiz.de/10014396389

The Impact of Worldwide Military Spending Cutson Developing Countries

Symansky, Steven A. - 1993

specially modified version of the MULTIMOD world economic model. Simulation results indicate that in developing countries the … economic externality due to enhanced trade and lower world interest rates. Accordingly, the net debtor developing country gains …

Persistent link: https://www.econbiz.de/10014398100

The Peace Dividend : Military Spending Cuts and Economic Growth

Knight, Malcolm D. - 1995

Although conventional wisdom suggests that reducing military spending may improve a country’s economic growth performance, empirical studies have produced ambiguous results. This paper extends a standard growth model and estimates it using techniques that exploit both cross-section and...

Persistent link: https://www.econbiz.de/10014398227

Worldwide Military Spending, 1990-1995

Schiff, Jerald Alan - 1996

The decline in military spending that began in the mid-1980s continued through 1995, and this decline was widespread both geographically and by level of development. Cuts in military spending appear to have potentially important implications for nonmilitary spending and fiscal adjustment. In...

Persistent link: https://www.econbiz.de/10014398233

Military Expenditure : International Comparison of Trends

Hewitt, Daniel P. - 1991

This paper analyzes trends in world military expenditure by examining the shares of different country groups and the …

Persistent link: https://www.econbiz.de/10014398344

Military Expenditures 1972-1990 : The Reasons Behind the Post-1985 Fall in World Military Spending

Hewitt, Daniel P. - 1993

World military expenditures have fallen by over 20 percent in proportion to GDP from 1985 to 1990. This study examines … support for the military. A third factor is the improved world security situation and the concomitant decrease in military aid …

Persistent link: https://www.econbiz.de/10014398719

Public debt through the ages

Eichengreen, Barry; ElGanainy, Asmaa Adel; Esteves, Rui … - 2019

We consider public debt from a long-term historical perspective, showing how the purposes for which governments borrow have evolved over time. Periods when debt-to-GDP ratios rose explosively as a result of wars, depressions and financial crises also have a long history. Many of these episodes...

Persistent link: https://www.econbiz.de/10012001483

Is military spending converging across countries? : an examination of trends and key determinants

Clements, Benedict J.; Gupta, Sanjeev; Khamidova, Saida - 2019

This paper studies the evolution of worldwide military spending during 1970-2018. It finds that military spending in relation to GDP is converging, but into three separate groups of countries. In the largest group, responsible for 90 percent of worldwide spending, outlays have remained...

Persistent link: https://www.econbiz.de/10012103746

Military Spending, the Peace Dividend, and Fiscal Adjustment

Clements, Benedict J. - 1999

The end of the Cold War has ushered in significant changes in worldwide military spending. This paper finds that the easing of (1) international tensions, (2) regional tensions, and (3) the existence of IMF-supported programs are related to lower military spending and a higher share of...

Persistent link: https://www.econbiz.de/10014401022