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The enlargement of the EU has implications for the national defence requirements and therefore national defence policy of European nations. In light of the freedom of movement of citizens between member states it is appropriate to consider the implications of a country's military expenditure for...
Persistent link: https://www.econbiz.de/10005495985
Meta analysis is conducted to review 32 empirical studies with 169 estimates of the effect of military expenditure on economic growth. We formulate four hypotheses to examine the empirical evidence and to provide overall conclusions while controlling for systematic heterogeneity in the studies...
Persistent link: https://www.econbiz.de/10010588383
Meta analysis is conducted to review 32 empirical studies with 169 estimates to find the combined overall effect of military expenditure on economic growth. Using a meta fixed and random effects and regression analysis, our results show that there exists a "genuine" net effect of military...
Persistent link: https://www.econbiz.de/10008839493