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This paper clarifies one of the puzzling results of the economic growth literature: the impact of military expenditure … threats, corruption, and other relevant controls. While growth falls with higher levels of military spending, given the values … of the other independent variables, we show that military expenditure in the presence of threats increases growth. We …
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This paper clarifies one of the puzzling results of the economic growth literature: the impact of military expenditure … threats, corruption, and other relevant controls. While growth falls with higher levels of military spending, given the values … of the other independent variables, we show that military expenditure in the presence of threats increases growth. We …
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