This study examines complementarities between inclusive development, military expenditure and political stability in the fight against terrorism in 53 African countries for the period 1998-2012. Hence the policy variables employed in the study are inclusive development, military expenditure and...

"This book explores the causal link between GDP and military expenditure, and other economic and political indicators of the countries of different status of developments for the period of formal wars to till date. It surveys the interdependences between the national output and military or...

In 1973 Emile Benoit published a seminal study which suggested that defence spending stimulated economic growth in Third World countries. His conclusion was based on a cross-national analysis of data for 44 developing countries over five years (1960–65). Specifically, Benoit found that after...

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...

This paper re-examines the causal impact of military expenditure on growth in the presence of internal and external threats for the period 1990-2013 using data from 70 developing countries. We find that differences in methods, model specifications, and the underlying estimation sample partly...