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This paper studies the evolution of worldwide military spending during 1970-2018. It finds that military spending in relation to GDP is converging, but into three separate groups of countries. In the largest group, responsible for 90 percent of worldwide spending, outlays have remained...
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This study examines the convergence in military expenditure and economic growth for a panel of 35 African countries … level reveal no evidence of convergence in military expenditure and growth. However, after robustness tests, the final club … classification results do support the hypothesis of club convergence for the two variables. The results of the analysis show that …
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inconclusive in nature. -- Military Expenditure ; Defense Spending ; Convergence ; Economic Growth …
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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