Bove, Vincenzo; Nisticò, Roberto - In: Journal of Comparative Economics 42 (2014) 4, pp. 1065-1078
This paper investigates the effect of military involvement in politics on budgetary allocations for defence. We employ a variety of econometric models, including pooled OLS and panel data with fixed effects and control for other known determinants of military spending. To deal with endogeneity...