Military Expenditure and Investment in OECD Countries: Revisited

Na Hou and Chen Bo
Additional contact information
Chen Bo: Center for Fiscal Development Research and Institute of Defence Economics and Management, Central University of Finance and Economics, Beijing 100081, China

Peace Economics, Peace Science, and Public Policy, 2014, vol. 20, issue 4, 621-630

Abstract: This study examines the effects of military expenditure on investment in 13 selected OECD countries over the period of 1971–2012 by applying the Smith Demand-Side model and different estimation methodologies including panel data, cross section and time series estimation methods. Our empirical results reveal that military expenditure crowds out investment and that crowding-out effect lessens during the Post-Cold War period.

Keywords: military expenditure; investment; the demand side model; the crowding-out effect; the OECD countries (search for similar items in EconPapers)
Date: 2014
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (3)

Downloads: (external link)
https://doi.org/10.1515/peps-2014-0031 (text/html)
For access to full text, subscription to the journal or payment for the individual article is required.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:bpj:pepspp:v:20:y:2014:i:4:p:10:n:6

Ordering information: This journal article can be ordered from
https://www.degruyter.com/journal/key/peps/html

DOI: 10.1515/peps-2014-0031

Access Statistics for this article

Peace Economics, Peace Science, and Public Policy is currently edited by Raul Caruso

More articles in Peace Economics, Peace Science, and Public Policy from De Gruyter
Bibliographic data for series maintained by Peter Golla ().