Im Zuge der Verschiebungen der globalen Kräfteverhältnisse in den achtziger Jahren, die einerseits deutliche Einbußen in der allgemeinen Dominanz der USA und andererseits einen rasanten ökonomisch-technologischen Aufstieg Japans zur Folge hatten, wurden, vor allem aufgrund einer relativ...

Cyber technology represents digital military capability with the purpose of causing damage to the military strength and the social infrastructure of a potential enemy. War using conventional weapons may be preceded by or combined with a war using cyber technology. This paper introduces such...

The purpose of this study is to assess the thresholds at which military expenditure modulates the effect of terrorism on capital flight. We employed a panel data of 37 African countries from 1996-2010.The empirical evidence was based on: (i) baseline contemporary and non-contemporary OLS, (ii)...

"During the Civil War, both the North and South were challenged by fiscal and monetary needs, but physical differences such as gold reserves, industrialization and the blockade largely predicted the war's outcome from the onset. To raise revenue for the war effort, every possible person,...

Defence is the ultimate public good, and it thus falls to government to determine the appropriate amount of public revenue to commit to the defence of the realm. This will depend on history, strategic threat, international security obligations, entreaties from allies and, of course, the threat...

This paper re-examines the causal impact of military expenditure on growth in the presence of internal and external threats for the period 1990-2013 using data from 70 developing countries. We find that differences in methods, model specifications, and the underlying estimation sample partly...

The diversion of development aid to the recipient's military may be one explanation why aid is often found to be ineffective in promoting economic growth and development. Previous studies have not derived the causal effects of development aid on military expenditure. Using a new instrumental...

We build a model of conflict in which two groups contest a resource and must decide on the optimal allocation of labor between fighting and productive activities. In this setting, a diaspora emanating from one of the two groups can get actively involved in the conflict by transferring financial...

Using panel data on military spending for 125 countries, we document new facts about the effects of changes in government purchases on the real exchange rate, consumption, and current accounts in both advanced and developing countries. While an increase in government purchases causes real...

In spite of the growing consensus of the need to utilise military expenditure to help combat terrorism, our understanding of the threshold at which military expenditure reduces the effect of terrorism stemming from capital flight remains largely underexplored. We employed a panel data of 37...

Acknowledgments; 1 Introduction; 2 Bearing the Financial Burden of War; 3 Partisan Politics in the Early Wars: Conflicts of 1798, 1812, and 1898; 4 The "Liberty Bond" Approach to War Finance: World Wars I and II; 5 From Taxation to Borrowing: Declining Fiscal Sacrifice in Korea and Vietnam; 6...

Seit einigen Jahren werden Publikationen über die Finanzierung des Ersten Weltkriegs veröffentlicht. Die Banken in Deutschland waren für die Geldschöpfung des Staates unerlässlich, da diese den Vertrieb von Kriegsanleihen an deren Kunden sicherstellten. In dieser Arbeit wird anhand von...

This study examines how the quality of political institutions affects the distribution of the government budget in Iran. We first introduce a mechanism through which democracy can shift government expenditure from national defense (military) to productivity-enhancing public spending (e.g.,...