The Role of Defence Expenditure in the Greek Crisis

The recent Greek economic crisis calls for severe spending cuts with defence expenditure reduction being a primary target for both the local authorities and the IMF/ECB/EC. The aim of this paper is to show that the results of such a policy recipe may not be as fruitful as policymakers want the taxpayers to believe for a variety of reasons. On the contary it can be shown that defence expenditure can contribute to the growth of the Greek economy under certain conditions.

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Year of publication:	2011
Authors:	Koumparoulis, Dimitrios N.
Published in:	Annals of the University of Petrosani, Economics. - University of Petrosani, Romania. - Vol. 11.2011, 2, p. 155-166
Publisher:	University of Petrosani, Romania
Subject:	defence expenditure \| debt

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Extent:	application/pdf
Type of publication:	Article
Classification:	E65 - Studies of Particular Policy Episodes
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10010604075