For this paper there was not available nearly as much empirical materials for analysis and model construction as was the case for the authors’ Guatemala study cited in this paper. However, for developing countries very deficient in data this paper importantly demonstrates how useful results...

An attempt is made to measure the loss of productivity and growth due to excessive military expenditures of five countries in the Southern Cone of Latin America during the 1970's and 1980's. These countries are Argentina, Bolivia, Chile, Paraguay and Peru. A transcendental production function...