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Can We Declare Military Keynesianism Dead?
Pieroni, Luca; d'Agostino, Giorgio; Lorusso, Marco - Department of Accounting, Economics and Finance, … - 2008
output, by using a long run equilibrium model for the US and the UK. Our contribution, with respect to previous works, is … variables. Second, we take into account different dynamics between defence spending on aggregate output, showing that the …
Persistent link: https://www.econbiz.de/10005565998
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Military Keynesianism: An Assessment
Dunne, J Paul - Department of Accounting, Economics and Finance, … - 2011
The recent recession has seen something of resurgence in the debate over military Keynesianism. Recent commentators who should no better have claimed that it would make sense to stimulate the US economy through increases in military spending, as though this has not been a commonly contested view...
Persistent link: https://www.econbiz.de/10008919627
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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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Fiscal multipliers in advanced and developing countries: Evidence from military spending
Sheremirov, Viacheslav; Spirovska, Sandra - 2019
the effects of government spending on output in advanced and developing countries. Identifying government-spending shocks …
Persistent link: https://www.econbiz.de/10012059606
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Output response to government spending: Evidence from new international military spending data
Sheremirov, Viacheslav; Spirovska, Sandra - 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/10011460696
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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