Wars, Education and Economic Development

Jakob Madsen and Miethy Zaman

CAMA Working Papers from Centre for Applied Macroeconomic Analysis, Crawford School of Public Policy, The Australian National University

Abstract: In this paper, we hypothesize that the prolonged wars in Latin America during most of the 19th century hindered human capital development and delayed economic progress well into the 20th century. Collecting novel data for the seven largest Latin American economies over the period 1820-2016, we show that the extraordinarily large share of military expenditure in total spending crowded out investment in education and R&D, which in turn had persistent effects on economic development.

Keywords: military campaigns; education; economic development; crowding out; state capacity; Latin America (search for similar items in EconPapers)
JEL-codes: I20 N54 O11 O30 (search for similar items in EconPapers)
Pages: 23 pages
Date: 2023-05
New Economics Papers: this item is included in nep-dev, nep-gro, nep-his and nep-lam
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Persistent link: https://EconPapers.repec.org/RePEc:een:camaaa:2023-22

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