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Output response to government spending : evidence from new international military spending data
Sheremirov, Viacheslav; Spirovska, Sandra - 2015 - This version: July 2015
effect of government spending on output. Following a popular assumption that military spending is unlikely to respond to … output at business-cycle frequencies - and exploiting variation in military spending of a significantly larger magnitude than … economies and in countries with a fixed exchange rate. The output response to government spending persists for about two to …
Persistent link: https://www.econbiz.de/10011305775
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Fiscal multipliers in advanced and developing countries : evidence from military spending
Sheremirov, Viacheslav; Spirovska, Sandra - 2019 - This version: February 2019
the effects of government spending on output in advanced and developing countries. Identifying government-spending shocks …
Persistent link: https://www.econbiz.de/10011992297
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The Impact of Worldwide Military Spending Cuts on Developing Countries
Bayoumi, Tamim - 2006
This paper investigates the economic impact of a coordinated reduction in military expenditures of 20 percent using a specially modified version of the MULTIMOD world economic model. Simulation results indicate that in developing countries the present value of consumption increases by 46 percent...
Persistent link: https://www.econbiz.de/10012781586
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Military Expenditure and Arms Trade : Alternative Data Sources
Happe, Nancy - 2006
Analysis of the economic impact of military expenditures and arms trade is frequently hampered by the limited amount of transparent, comprehensive data. Country-specific information can be supplemented, however, by data from multicountry statistical sources. This paper describes seven...
Persistent link: https://www.econbiz.de/10012781679
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Local and Aggregate Fiscal Policy Multipliers
Dupor, Bill - 2019
In this paper, we estimate the effect of defense spending on the U.S. macroeconomy since World War II. First, we construct a new panel dataset of state-level federal defense contracts. Second, we sum observations across states and, using the resulting time series, estimate the aggregate effect...
Persistent link: https://www.econbiz.de/10012903455
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Fiscal Multipliers in Advanced and Developing Countries : Evidence from Military Spending
Sheremirov, Viacheslav - 2019
the effects of government spending on output in advanced and developing countries. Identifying government-spending shocks …-9, circulated under the title 'Output Response to Government Spending: Evidence from New International Military Spending Data.' …
Persistent link: https://www.econbiz.de/10012888988
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Output Response to Government Spending : Evidence from New International Military Spending Data
Sheremirov, Viacheslav - 2015
effect of government spending on output. Following a popular assumption that military spending is unlikely to respond to … output at business-cycle frequencies — and exploiting variation in military spending of a significantly larger magnitude than … economies and in countries with a fixed exchange rate. The output response to government spending persists for about two to …
Persistent link: https://www.econbiz.de/10013013539
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Is Military Spending Converging Across Countries? An Examination of Trends and Key Determinants
Clements, Benedict - 2019
This paper studies the evolution of worldwide military spending during 1970-2018. It finds thatmilitary spending in relation to GDP is converging, but into three separate groups of countries. Inthe largest group, responsible for 90 percent of worldwide spending, outlays have remainedstubbornly...
Persistent link: https://www.econbiz.de/10012859871
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Rusty Guns and Buttery Soldiers : The Effect of Unemployment on Transatlantic Defense Spending
Becker, Jordan - 2021
Scholarship on the relationships between key macroeconomic variables and defense investment is divided on both the appropriate level of aggregation for such analysis, and the direction of causality between macroeconomic variables and defense investment. Both NATO and the EU, through the European...
Persistent link: https://www.econbiz.de/10013248493
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Drivers of Greek and Turkish defense spending
Waszkiewicz, Grzegorz - In: International journal of management and economics 51 (2016) 1, pp. 33-46
This paper evaluates the factors responsible for maintaining substantial military expenditures in Greece and Turkey. The presented research encompasses theoretical and empirical aspects. First, defense spending by both countries was analyzed based on statistical data from international sources....
Persistent link: https://www.econbiz.de/10012026196