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Despite the vast number of studies of the guns-butter tradeoff, we still do not know whether guns come at the expense of butter. In this article we attempt to clarify some of the major conceptual, measurement and statistical problems associated with this line of research. Copyright 1992 by The...
Persistent link: https://www.econbiz.de/10005156559
Despite the vast number of studies of the guns-butter trade-off, we still do not know whether guns come at the expense of butter. In this article we attempt to clarify some of the major conceptual, measurement and statistical problems associated with this line of research
Persistent link: https://www.econbiz.de/10012844997
Multicollinearity is one of the major methodological problems in the study of the guns‐growth trade-off. In this paper, we use ridge regression to separate the effects of individual variables influencing economic growth in the United States. Ridge is not a new method, but to the best of our...
Persistent link: https://www.econbiz.de/10012845020
Studies of the guns versus butter trade-off found no evidence for the existence of a trade-off in the pre-Reagan era (see Russett 1982; Domke, Eichenberg, and Kelleher 1983; Mintz 1989). This study extends prior research by examining not only the direct, immediate effects of defense spending but also...
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Poliheuristic theory (PH) bridges the gap between cognitive and rational theories of decision making. PH postulates a two-stage decision process. During the first stage, the set of possible options is reduced by applying a “noncompensatory principle†to eliminate any alternative with...
Persistent link: https://www.econbiz.de/10010801499
The authors conducted an experiment with a group of military officers and replicated it with a group of students at a public university in the United States. The experimental scenario dealt with a decision problem in the area of counterterrorism. The authors found that while more than one-third...
Persistent link: https://www.econbiz.de/10010802105