Military Expenditure and Debt in Small Industrialised Economies: A Panel Analysis

This paper considers the impact of military spending on debt in a panel of 11 small industrialising economies using panel data methods. It provides estimates for fixed effects and random effects models and then moves on to consider dynamic models. The dynamics are found to be important and the results suggest that military burden does indeed have a positive impact on the share of external debt in GDP.

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Year of publication:	2003-06
Authors:	Dunne, J Paul ; Perlo-Freeman, Sam ; Soydan, Aylin
Institutions:	Department of Accounting, Economics and Finance, Bristol Business School
Subject:	Military spending \| external debt \| panel data

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Extent:	application/pdf
Series:	Working Papers.
Type of publication:	Book / Working Paper
Language:	English
Notes:	Number 0306 17 pages
Classification:	H56 - National Security and War ; C33 - Models with Panel Data
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005749250