This paper clarifies one of the puzzling results of the economic growth literature: the impact of military expenditure … threats, corruption, and other relevant controls. While growth falls with higher levels of military spending, given the values … of the other independent variables, we show that military expenditure in the presence of threats increases growth. We …

This paper clarifies one of the puzzling results of the economic growth literature: the impact of military expenditure … threats, corruption, and other relevant controls. While growth falls with higher levels of military spending, given the values … of the other independent variables, we show that military expenditure in the presence of threats increases growth. We …

This paper clarifies one of the puzzling results of the economic growth literature: The impact of military expenditure … threats, corruption, and other relevant controls. While growth falls with higher levels of military spending, given the values … of the other independent variables, we show that military expenditure in the presence of threats increases growth. We …

scarcity of saving in LATAM, thereby increasing investment and growth. Yet, the data and several case studies suggest that the … gains from external financing are overrated. The bottleneck inhibiting economic growth is less the scarcity of saving, and … saving and investment rates tends to be a time consuming process. This also suggests that greater political instability and …