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associated with an increased risk of dispute initiation. Per capita oil production, in contrast, does not seem to influence a …
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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
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
associated with an increased risk of dispute initiation. Per capita oil production, in contrast, does not seem to influence a …
Persistent link: https://www.econbiz.de/10010275946