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-purpose technologies. A third and more disturbing question is whether a major war, or the threat of major war, will be necessary to …
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The paper develops a model of the intertemporal allocation of consumption where the role of national security is in protecting the wealth of a country from an attack by an adversary. The model disaggregates weapon systems into those which reduce the likelihood of an attack and those which reduce...
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The main objective of this paper is to analyse the effect of electricity regulation on economic growth. Although the … framework has not been used to estimate the effect of electricity regulation on economic growth. Understanding this effect is … the two regulation instruments have a negative effect on electricity consumption and economic growth and provide estimates …
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Military spending is not considered a productive activity that can contribute positively to GDP, however It effect indirectly through decreasing the risk and provide stability, moreover since its considered a major expenditure in many countries, it could indirectly affect the economy by...
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