This paper reviews some of the theoretical and econometric issues involved in estimating growth models that include … military spending. While the mainstream growth literature has not found military expenditure to be a significant determinant of … growth, much of the defence economics literature has found significant effects. The paper argues that this is largely the …

Caribbean section of the "Global Research Project: Explaining Growth" of the Global Development Network (GDN), a research effort … falling behind. The growth record of Latin America in the recent past has been poor. For decades the average income per capita …

Caribbean section of the "Global Research Project: Explaining Growth" of the Global Development Network (GDN), a research effort … falling behind. The growth record of Latin America in the recent past has been poor. For decades the average income per capita …

-eligible countries to reach higher growth, but it remains unclear whether this is through higher investment or another channel. Also, the … out strong programs of macroeconomic adjustment and structural reforms designed to promote growth and reduce poverty. Now … that the HIPC Initiative is nearly completed, this paper investigates whether the initiative managed to spur growth, either …

-sustaining growth based on private consumption and investment. This paper finds that Japanese nonfinancial firms have accumulated cash … at the expense of investment and dividends, hampering this transition. The evidence suggests that cash accumulation is … plays only a limited role. These firms have cash holdings available for investment of about 5 percent of GDP. Policy options …

around 3¼ percent, but growth could reach 4-5 percent with strong pro-active policies including (i) improving investment and … predict stagnation (Meade, 1961). We use growth accounting to analyze the sources of past growth and project potential ranges … of growth through 2033. Growth averaged 4½ percent over the past 20 years. Our baseline suggests future growth rates …

present study investigates the relationship between defence spendings, health care expenditures, research, and economic growth … input boost economic growth by 1.43% and 1.17% respectively. The long-run results indicate that defence spending is not … contributing to economic growth whereas health care expenditures and research contribute 3.62% and 2.28% in long-run productivity …

economic growth and defence spending in South Africa by specifying a Keynesian simultaneous equation model and estimating the … system for the period 1961 to 1997. The model contains a growth equation, a savings equation, a trade balance equation and a … military burden equation and when estimated by single equation and systems estimation methods is relatively well specified …

The main purpose of this paper is to analyze the causal relationships between defence spending and economic growth …-2006. NATO countries spend biggest proportion of defence spending in the world. Granger causality test on defence-growth issue … relationship between defence spending and growth. The results show that unidirectional causality exists in seven NATO countries …