Kollias, Christos; Paleologou, Susana-Maria - In: Applied Economics Letters 18 (2011) 11, pp. 1071-1075
We examine the presence of budgetary trade-offs between defence spending and welfare expenditure in the case of Greece, the country with the highest defence burden in the European Union. The findings reported herein point to a positive trade-off between education, social expenditure and defence.