Berthelemy, Jean-Claude; Herrera, Remy; Sen, Somnath - In: Defence and Peace Economics 10 (1999) 4, pp. 311-334
This paper proposes a new approach to the analysis of the military expenditure - growth nexus, applied to the case of India. Military expenditure has, first, a direct impact on the central government budgetary decisions, with a variety of crowding-out effects on other public spending. Second,...
