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A four equation - growth rate, defense burden, skilled labor rate, and investment rate - simultaneous model is used to investigate whether increased defense burden increases or decreases economic growth and the channels through which defense burden influences economic growth in Less Developed...
Persistent link: https://www.econbiz.de/10010795657
This article uses a methodology developed by Hicks & Kubisch and data from a sample of forty countries to investigate the dynamics of defense budgeting in Subsaharan Africa during the 1967-87 period. We find that African countries discriminate against defense in budgeting when budget resources...
Persistent link: https://www.econbiz.de/10010795786
Persistent link: https://www.econbiz.de/10010795993