Lin, Eric S.; Ali, Hamid E.; Lu, Yu-Lung - In: Defence and Peace Economics 26 (2015) 1, pp. 33-48
This article examines the relationship between defense and social welfare expenditures using a panel of 29 OECD countries from 1988 to 2005. It is quite difficult to take into account the simultaneous channels empirically through which the eventual allocation of defense and welfare spending is...