Masi, Paula De; Lorie, Henri - In: IMF Staff Papers 36 (1989) 1, pp. 130-165
Changes in military expenditure as a share of gross domestic product (MIL/GDP) and of total expenditure (MIL/EX) during IMF-supported programs are examined for two subsamples, broadly divided according to fiscal tightening and fiscal accommodation. Under fiscal tightening, the evidence suggests...