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Output Response to Government Spending : Evidence from New International Military Spending Data

Sheremirov, Viacheslav - 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/10013013539

Is Military Spending Converging Across Countries? An Examination of Trends and Key Determinants

Clements, Benedict - 2019

This paper studies the evolution of worldwide military spending during 1970-2018. It finds thatmilitary spending in relation to GDP is converging, but into three separate groups of countries. Inthe largest group, responsible for 90 percent of worldwide spending, outlays have remainedstubbornly...

Persistent link: https://www.econbiz.de/10012859871

Rusty Guns and Buttery Soldiers : The Effect of Unemployment on Transatlantic Defense Spending

Becker, Jordan - 2021

Scholarship on the relationships between key macroeconomic variables and defense investment is divided on both the appropriate level of aggregation for such analysis, and the direction of causality between macroeconomic variables and defense investment. Both NATO and the EU, through the European...

Persistent link: https://www.econbiz.de/10013248493

Drivers of Greek and Turkish defense spending

Waszkiewicz, Grzegorz - In: International journal of management and economics 51 (2016) 1, pp. 33-46

This paper evaluates the factors responsible for maintaining substantial military expenditures in Greece and Turkey. The presented research encompasses theoretical and empirical aspects. First, defense spending by both countries was analyzed based on statistical data from international sources....

Persistent link: https://www.econbiz.de/10012026196

Arms Races in the Developing World : Policy Implications

Seiglie, Carlos; Liu, Peter - 2014

An arms race exists when a country’s propensity to acquire arms is influenced by a potential adversary’s military spending. When evaluating the impact of economic policies towards the developing world, e.g., foreign assistance programs, it is important to identify if an arms race exist...

Persistent link: https://www.econbiz.de/10014197922

Exploring Potential Arms Races

Seiglie, Carlos - 2012

Defense spending accounts for a larger share of national output in most countries than many of the other allocative …

Persistent link: https://www.econbiz.de/10014197924

International Conflict and Military Expenditures : An Externality Approach

Seiglie, Carlos - 2012

This article analyzes the two-stage problem a country faces in first choosing the optimal amount of arms to acquire and then deciding whether it can improve upon the allocation that emerges after the first stage by engaging in a military conflict. A model is introduced based on the concept of...

Persistent link: https://www.econbiz.de/10014197927

Military Spending and the Growth-Maximizing Allocation of Public Capital: A Cross-Country Empirical Analysis

Kalaitzidakis, Pantelis; Tzouvelekas, Vangelis - Department of Economics, University of Crete - 2007

In this paper drawing from the theoretical framework developed by Shieh et al., (2002), we present an endogenous growth model to empirical analyze the growth maximizing allocation of public capital among military spending and investment in infrastructure. Using this general model of public...

Persistent link: https://www.econbiz.de/10004994373

Output Stabilization in EMU : IS there a Case for EFTS?

van Aarle, B.; Hougaard Jensen, S.E. - Tilburg University, Center for Economic Research - 1996

Macroeconomic performance in the Economic and Monetary Union (EMU) will be impaired if macroeconomic shocks are largely asymmetric, fiscal policy flexibility is limited, goods markets adjust sluggishly, labour mobility is low and automatic stabilization from federal taxes and government spending...

Persistent link: https://www.econbiz.de/10011092163

Fiscal Stimulus in a Monetary Union: Evidence from US Regions

Nakamura, Emi; J?n Steinsson - In: American Economic Review 104 (2014) 3, pp. 753-92

evidence indicates that demand shocks can have large effects on output. …

Persistent link: https://www.econbiz.de/10010815730