Do Military Expenditures Boost Profit Rates?

Adem Elveren () and Rachel Dunning

MPRA Paper from University Library of Munich, Germany

Abstract: Understanding the effect of military expenditures on profit rates can provide important insights on the use of government spending. We utilize the panel dynamic ordinary least square method to examine that relationship for 32 major countries from the period of 1963-2008. We find that while military expenditures increase profit rates in arm-exporting countries, the opposite occurs in the case of arms-importing countries.

Keywords: Military expenditures; profit rates; panel data (search for similar items in EconPapers)
JEL-codes: C33 E11 H50 (search for similar items in EconPapers)
Date: 2017-09-04
New Economics Papers: this item is included in nep-mac
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Citations: View citations in EconPapers (2)

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Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:81143

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