Military Expenditures And Economic Growth
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Author | : James E. Payne |
Publisher | : Routledge |
Total Pages | : 286 |
Release | : 2019-03-13 |
Genre | : Business & Economics |
ISBN | : 0429695675 |
This book examines the impact defense spending has on economic growth. While defense spending was not deliberately invented as a fiscal policy instrument, its importance in the composition of overall government spending and thus in determining employment is now easily recognized. In light of the collapse of the Soviet Union and the consequent reduction in the threat to the security of the United States, maintaining defense spending at the old level seems indefensible. The media has concentrated on the so-called peace dividend. However, as soon as the federal government is faced with defense cuts, it realizes the macroeconomic ramifications of such a step. Based on studies included in this volume, we examine the effects of defense spending on economic growth and investigate how the changed world political climate is likely to alter the importance and pattern of defense spending both for developed and developing countries.
Author | : Christian Schmidt |
Publisher | : Springer |
Total Pages | : 409 |
Release | : 1987-07-07 |
Genre | : Business & Economics |
ISBN | : 1349089192 |
Author | : |
Publisher | : |
Total Pages | : 128 |
Release | : 2001 |
Genre | : |
ISBN | : |
This report presents an exploration of the historical relationship between national economic growth and military expenditures in five "great power" countries: Germany, France, Russia, Japan, and the United States. Using statistical as well as case study methodologies, it examines how each country's military expenditures responded to increases in output levels and rates of growth over the period 1870-1939 and proposes plausible explanations for the relationship in each country. If the historical experience holds true, economic growth in some of the present-day candidates for great-power status will spur them to increase their rate of military expenditure growth and, as a result, their military capabilities. As we show, however, each country is unique, and strong economic growth by no means implies automatic expansion of military spending or capabilities. In fact, the historical record suggests that perceived threats from abroad may be the most significant factor contributing to increases in military expenditure in potential great powers. This distinction is important because policies designed to deter foreign military expansions motivated by ambition may have perverse effects if foreign military expansions are in fact motivated by fear. This report should be of particular interest to policymakers concerned about the prospect of increased military expenditures by large and rapidly growing economies. The research was sponsored by the Deputy Chief of Staff for Intelligence and was conducted in RAND Arroyo Center's Strategy, Doctrine, and Resources Program. The Arroyo Center is a federally funded research and development center sponsored by the United States Army.
Author | : Daniel L. Landau |
Publisher | : World Bank Publications |
Total Pages | : 55 |
Release | : 1993 |
Genre | : Developing countries |
ISBN | : |
Author | : Mr.Daniel P. Hewitt |
Publisher | : International Monetary Fund |
Total Pages | : 52 |
Release | : 1991-05-01 |
Genre | : Business & Economics |
ISBN | : 1451847424 |
This paper analyzes trends in world military expenditure by examining the shares of different country groups and the ratio to GDP of individual nations. The coverage is military expenditures in 125 countries from 1972 to 1988. The study also compares military expenditures as a proportion of central government expenditures; analyzes the budgetary trade-off between military, social, and development expenditures; and discusses the impact of military expenditures on economic development.
Author | : Delano Villanueva |
Publisher | : International Monetary Fund |
Total Pages | : 40 |
Release | : 1995-05-01 |
Genre | : Business & Economics |
ISBN | : 1451847335 |
Although conventional wisdom suggests that reducing military spending may improve a country’s economic growth performance, empirical studies have produced ambiguous results. This paper extends a standard growth model and estimates it using techniques that exploit both cross-section and time-series dimensions of available data to obtain consistent estimates of the growth-retarding effects of military spending via its adverse impact on capital formation and resource allocation. Model simulations suggest that a substantial long-run “Peace Dividend”--in the form of higher capacity output--may result from: (i) markedly lower military expenditure levels achieved in most regions during the late 1980s; and (ii) further military spending cuts that would be possible in the future if a global peace could be secured.
Author | : World Bank |
Publisher | : Washington, D.C. : World Bank |
Total Pages | : 168 |
Release | : 1992 |
Genre | : History |
ISBN | : |
Author | : Das, Ramesh Chandra |
Publisher | : IGI Global |
Total Pages | : 596 |
Release | : 2018-05-25 |
Genre | : Political Science |
ISBN | : 1522547797 |
As many countries have increased their budgets to allow for newer technologies and a stronger military force, defense spending has become a popular debate topic around the world. As such, it is vital to understand the interplay between the military expenditure and economic growth and development across countries. The Handbook of Research on Military Expenditure on Economic and Political Resources is a critical scholarly publication that explores the interplay between the military expenditure and economic growth and development across countries. Featuring coverage on a wide range of topics such as defense management, economic growth, and dynamic panel model, this publication is geared towards academicians, researchers, and professionals seeking current research on the interplay between the military expenditure and economic growth and development across countries.
Author | : Alex Mintz |
Publisher | : Routledge |
Total Pages | : 345 |
Release | : 2002-01-31 |
Genre | : Political Science |
ISBN | : 1134903324 |
Leading scholars examine the links between domestic politics, defense spending and the economics of the US defense industry.
Author | : Paul Dunne |
Publisher | : |
Total Pages | : 23 |
Release | : 2013 |
Genre | : Arms transfers |
ISBN | : 9781920517366 |
"This paper examines examines the impact of military expenditure on economic growth on a large balanced panel, using an exogenous growth model and dynamic panel data methods for 106 countries over the period 1988-2010. A major focus of the paper is to consider the possibility group heterogeneity and non-linearity. Having estimated the model for all of the countries in the panel and finding that military burden has a negative effect on growth in the short and long run, the panel is broken down into various groupings based upon a range of potentially relevant factors and the robustness of the results is evaluated. The factors considered are different levels of income, conflict experience, natural resources abundance, openness and aid. The estimates for the different groups are remarkably consistent with those for the whole panel, providing strong support for the argument that military spending has adverse effects on growth. There are, however, some intriguing results that suggest that for certain types of countries military spending has no significant effect on growth." -- P. 1