Military expenditure in developing countries raises complex questions regarding growth, development, security and governance. This chapter provides an analytical survey of the effects and causes of defense spending in developing economies. Using stylized facts, theoretical models and empirical...

This article analyzes the relationship between military expenditure and economic growth in less developed countries using cross-sectional evidence in a macrostatistical framework. Within the context of a fully specified empirical model it is found that military expenditure has a negative effect...

The purpose of this book is to analyse world military expenditure at the end of the 1980s, and to discuss its political and economic implications. After a decade of unprecedented expansion of international military spending, its level is falling, though modestly. Political developments in Europe...