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Arms build-up and arms race in optimal economic growth

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A comparison between ML-SEM and GMM: military expenditures and economic growth nexus revisited

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Chapter 11 Military expenditure and developing countries

Deger, Saadet; Sen, Somnath - In: Handbook of defense economics : volume 1, (pp. 275-307). 1995

Military expenditure in developing countries raises complex questions regarding growth, development, security and governance. This chapter provides an analytical survey of the effects and causes of defense spending in developing economies. Using stylized facts, theoretical models and empirical...

Persistent link: https://www.econbiz.de/10014024420