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...