The issue of security and safety i s a fundamental condition for stable economic trends. Military expenditure can be a very powerful tool for a rapid economic growth. The paper examines the long-run relationship between military expenditure and economic growth in the selected Balkan countries,...

The Russian attack on Ukraine has brought the question of the German Armed Forces’ operational capability back into focus. National defense, which seemed to play only a minor role with the end of the Cold War and the dissolution of the Warsaw Pact and the Soviet Union in 1991, now has gained a...

This study assesses the importance of military expenditure in moderating the role of insecurity dynamics on tourist arrivals or international tourism in 163 countries. It is framed to assess how the future of international tourism can be improved when military expenditure is used as a tool to...

Military expenditure is considered an influential factor in gross domestic product. This study investigates the relationship between military expenditure and gross domestic product in Bangladesh. Time series data, econometric techniques, and some robustness tests are used in this analysis. The...

The article presents the use of the ARDL model to identify military expenditure determinants of the Baltic States (Lithuania, Latvia, and Estonia). Factors influencing military expenditure include the variables characterizing the economic environment of the analyzed countries (GDP per Capita,...

This study examines the convergence in military expenditure and economic growth for a panel of 35 African countries between 1990 and 2015. We employ the Phillips and Sul methodology to achieve our objective. Overall, the results at Africa level reveal no evidence of convergence in military...

The twenty-first century is now being shaped by a multipolar system characterized by techno-nationalism and a post-Bretton Woods order. In the face of a rapidly evolving digital era, international cooperation will be critical to ensuring peace and security. Information sharing, expert...

Do strong states affect the culture and actions of their citizens in a persistent way? And if so, can the capacity to tax, by itself, have a role in driving this effect? I study how the historical capacity of a state to collect taxes affects the decision of citizens to evade the mandatory...

This report provides new data on trade in medical goods and services and medical value chains; surveys the evolving policy landscape before and during the pandemic; and proposes an action plan to improve trade policies and deepen international cooperation to deal with future pandemics

In the aftermath of World War I, a financial war was fought on the battlegrounds of international organizations and financial diplomacy. While the League of Nations' Economic and Financial Organization tried to ensure the reconstruction of Europe through guaranteed loans and financial reforms,...

Purpose This paper aims to argue that the Global Political Economy (GPE) theory of neomercantilism provides a sound explanation to the American military involvement in the Persian Gulf. Accordingly, this paper also proposes the concept of "Neomercantilist War" which analyses the use of military...

We exploit a panel of city-level data with rich demographic information to estimate the distributional effects of Department of Defense spending and its effects on a range of social outcomes. The income generated by defense spending accrues predominantly to households without a bachelor's...

The essay examines the contribution provided by Piero, Roberto and Leone Strozzi - sons of the wealthy Florentine banker Filippo Strozzi - to the French war effort in the last two decades of the Ital- ian Wars. A contribution based on their military and diplomatic skills and on the availability...

This paper explores the dynamic relationship among defense and non-defense government spending, the government debt, and the output gap in the United States. We estimate structural vector auto-regression (SVAR) models for the full sample (1947:Q1 to 2021:Q1), as well as two sub-samples:...

Der Ukrainekrieg verändert die Lage in Europa grundlegend. Die Militärausgaben steigen nun seit langem wieder an und die Abhängigkeit von fossilen Energieträgern wird offensichtlich. Die erwartete Zahl der Geflüchteten wird die der Jugoslawien- und Syrienkriege vermutlich bei weitem...

Military spending is not considered a productive activity that can contribute positively to GDP, however It effect indirectly through decreasing the risk and provide stability, moreover since its considered a major expenditure in many countries, it could indirectly affect the economy by...

This paper empirically evaluates the two opposite representations of the pre-1945 Korean comfort women. Far exceeding the estimate advocated by contract view, the scale of mobilization as estimated using demographic information falls within the range proposed by enslavement view. Indicating one...

War necessitates both allocating real resources to defense and certain interest groups being in favor of the government raising resources to wage war. Price controls can be a tool for governments to mobilize additional resources while buying the support of certain key interest groups, hence...

With the 40th anniversary of the Supreme Court’s decision in Moses H. Cone Memorial Hosp. v. ‎Mercury Constr. Corp. approaching, both judges and commentators are calling for the repeal of ‎the “Moses presumption.” This Presumption states that “any doubts” as to the scope of an...

In a recent article, with a strong theoretical argument but poor empiricalsupport, military spending was identified to be a determinant of realexchange rate or a factor causing the PPP to deviate from equilibriumexchange rate. The poor empirical results were mostly due to a small numberof...

We study the effects of the liberty bond drives of World War I on financial intermediation in the 1920s and beyond. Using panel data on U.S. counties, and an instrument that captures differences in the approaches used to market the bonds, we find that higher liberty bond subscription rates led...

Defence production within India is experiencing a tremendous change to accomplish self-reliance in defence technology. A growing number of AONs have been released under Make India, Buy and Make India Categorization. The quantum of Offset commitments under defence agreements is usually...

On November 19, 2021, Kyle Rittenhouse was acquitted of homicide charges stemming from his killing of two people—Anthony Huber and Joseph Rosenbaum—at a protest of police violence in Kenosha, Wisconsin. Rittenhouse had armed himself and traveled to the protest, purportedly to defend...

The article presents an analysis of the amount of defence and security spending that different regions and countries around the world spend from their gross domestic product with accompanying comments on the reasons for their respective level

The peacetime deployment of U.S. forces in foreign countries goes against traditional notions of sovereignty. How did such deployment become legitimate following World War II? This article examines the legal strategy that the U.S. military employed to make American troop presence more palatable...

Employing a measurement known as the “Hurst exponent,” I show that the U.S. War and Navy Departments displayed a strong trend towards “persistence”: that is, a tendency for each year’s budget to replicate the previous year’s over the period 1792-1957. Such a tendency, however, may...

The Russian–Ukrainian war has its own post-Soviet history. The initial big mistake of the West was that with the collapse of the USSR, many politicians and experts in the West considered that the Cold War of the times of the Soviet Union was over. After the collapse of the USSR, Russia was...

This study examines the dynamics of lead-lag and comovements between geopolitical risk and African stocks using daily data from February 2022 to July 2022. By employing the squared wavelet coherence and wavelet coherence phase difference under the bi-wavelet econometric framework, we report that...