Military Expenditure, Threats, and Growth

Article, Preprint English OPEN
Joshua Aizenman; Reuven Glick;
  • Publisher: eScholarship, University of California
  • Subject: Economic growth, military expenditure, external threats, corruption | external threats | Economic growth | Defense industries ; Econometric models ; Economic development | corruption | military expenditure
    • jel: jel:E62 | jel:F43

This paper clarifies one of the puzzling results of the economic growth literature: the impact of military expenditure is frequently found to be non-significant or negative, yet most countries spend a large fraction of their GDP on defense and the military. We start by ... View more
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