The diversion of development aid to the recipient's military may be one explanation why aid is often found to be ineffective in promoting economic growth and development. Previous studies have not derived the causal effects of development aid on military expenditure. Using a new instrumental...

The diversion of development aid to the recipient’s military may be one explanation why aid is often found to be ineffective in promoting economic growth and development. Previous studies have not derived the causal effects of development aid on military expenditure. Using a new instrumental...

Using a new instrumental variable strategy, we examine whether bilateral development aid increases military expenditure in recipient countries. The instrument is the interaction of donor government fractionalization and the probability of receiving aid. The dataset includes new data on military...

This paper analyzes the common aspects and the differences between the economocracy and the world war. From an economic view, the world wars have some effects on the economies. The theme of world wars is that they give economic solutions with an inhuman way from the view of social and human...

In this study, we tried to see the impact of military expenditure and foreign aid on foreign direct investment in Sub-Saharan Africa using a panel data analysis. Based on the results obtained from the fixed effect estimation model, Net Official Development Assistance (ODA) can increase the...

The diversion of development aid to the recipient's military may be one explanation why aid is often found to be ineffective in promoting economic growth and development. Previous studies have not derived the causal effects of development aid on military expenditure. Using a new instrumental...