Models of military expenditure and growth: A critical review
(2005)
Journal Article
Smith, R. P., Dunne, J. P., & Willenbockel, D. (2005). Models of military expenditure and growth: A critical review. Defence and Peace Economics, 16(6), 449-461. https://doi.org/10.1080/10242690500167791
This paper reviews some of the theoretical and econometric issues involved in estimating growth models that include military spending. While the mainstream growth literature has not found military expenditure to be a significant determinant of growth... Read More about Models of military expenditure and growth: A critical review.