Country Survey: Military Expenditure And Its Impact On Productivity In Italy, 1988--2008
This paper analyses the military expenditures in Italy over the period 1988--2008. The estimation of a conventional model of military expenditure shows that the choices of military expenditure by Italian governments are influenced by US and, to a lesser extent, the other NATO countries' defence spending. In particular, the negative association between the US and NATO average military expenditure on the Italian one suggests a free-rider behaviour of Italy. Eventually, we focus on the relationship between productivity and military expenditure. The results suggest that there is a negative association between productivity and military expenditures in the long run. Namely, if military expenditures were substituted by civilian expenditures, the Italian overall productivity would be expected to improve.
Year of publication: |
2012
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Authors: | Caruso, Raul ; Francesco, Addesa |
Published in: |
Defence and Peace Economics. - Taylor & Francis Journals, ISSN 1024-2694. - Vol. 23.2012, 5, p. 471-484
|
Publisher: |
Taylor & Francis Journals |
Saved in:
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