IS ONE OF THE PEACE DIVIDENDS NEGATIVE - MILITARY EXPENDITURE AND ECONOMIC-GROWTH IN THE WEALTHY OECD COUNTRIES

Authors
LANDAU D
Citation
D. Landau, IS ONE OF THE PEACE DIVIDENDS NEGATIVE - MILITARY EXPENDITURE AND ECONOMIC-GROWTH IN THE WEALTHY OECD COUNTRIES, The Quarterly review of economics and finance, 36(2), 1996, pp. 183-195
Citations number
19
Categorie Soggetti
Business Finance",Economics
Journal title
The Quarterly review of economics and finance → ACNP
ISSN journal
10629769
Volume
36
Issue
2
Year of publication
1996
Pages
183 - 195
Database
ISI
SICI code
1062-9769(1996)36:2<183:IOOTPD>2.0.ZU;2-X
Abstract
This paper studies the effect of military spending - milex - on econom ic growth in the wealthy OECD countries. The hypothesis is that increa sed milex will have a non-linear effect with higher milex associated w ith faster growth at low levels and slower growth at higher levels. Th e repression results are consistent with the hypothesis.