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...

We test the reproducibility and replicability of Dincecco et al. (2022), which reports a positive relationship between pre-colonial interstate warfare and long-run development patterns across India. Overall, we confirm that all of the study's estimates are computationally reproducible by using...

Purpose - During the Communist Party of China's endeavors over the past century, China has created "two miracles," namely, large-scale and rapid economic development and long-term social stability. Design/methodology/approach - The causes for China's achieving the "two miracles" lie in the...

In this paper we study the incentives for basic-research investments by governments in a globalized world. For this purpose, we develop a two-country Schumpeterian growth model in which each country chooses its basic-research investments. We find that a country's basic-research investments...

In this paper, we analyze the consequences of delays and cost overruns typically associated with the provision of public infrastructure in the context of a growing economy. Our results indicate that uncertainty about the arrival of public capital can more than offset its positive spillovers for...