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. However, instrumenting for military expenditure, the authors find no deterrence effect of military spending on the risk of …
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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. We start by empirical evaluation of...
Persistent link: https://www.econbiz.de/10012469080
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. We start by empirical evaluation of...
Persistent link: https://www.econbiz.de/10014087609
The end of the Cold War has increased the relative importance of economic causes and consequences of arms transfers …-literature on the relationship between arms trade and war. The central problem of the arms trade literature, for both economists and …
Persistent link: https://www.econbiz.de/10014024413
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. We start by empirical evaluation of...
Persistent link: https://www.econbiz.de/10013233439