Kelly, Trish; Rishi, Meenakshi - In: Defence and Peace Economics 14 (2003) 1, pp. 1-17
The article explores the spin-off effect controversy surrounding the role of military spending in economic development … does not support the case for spin-off effects. The results suggest that military spending's direct impact on output in … also fail to substantiate physical and human capital spin-off effects. Based on these results, the article concludes that …