EconPapers    
Economics at your fingertips  
 

Military Spending and Development

John Dunne and Mehmet Uye (mehmet2.uye@live.uwe.ac.uk)
Additional contact information
Mehmet Uye: Department of Economics, UWE, Bristol

No 902, Working Papers from Department of Accounting, Economics and Finance, Bristol Business School, University of the West of England, Bristol

Abstract: This paper considers the link between arms spending and economic growth for developing countries, in particular whether high spending on arms is likely to have a negative effect on economic growth and what benefits that might be gained by reducing it. The literature is complex and difficult to summarize, with studies differing theoretically, in the empirical methods they use, in the coverage of countries and time series, and in their quality and significance. Nevertheless, the paper argues that the empirical analyses suggests that there is little or no evidence for a positive effect on economic growth and that it is more likely to have a negative effect, or at best no significant impact at all. Thus, reducing arms and military spending need not be costly and can contribute to, or at the very least provide the opportunity for, improved economic performance in developing countries.

Keywords: Military Spending; Development; growth (search for similar items in EconPapers)
JEL-codes: H56 O1 (search for similar items in EconPapers)
Pages: 19 pages
Date: 2009-02
New Economics Papers: this item is included in nep-pke
References: Add references at CitEc
Citations: View citations in EconPapers (32)

Downloads: (external link)
http://carecon.org.uk/DPs/0902.pdf First version, 2009 (application/pdf)

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:uwe:wpaper:0902

Access Statistics for this paper

More papers in Working Papers from Department of Accounting, Economics and Finance, Bristol Business School, University of the West of England, Bristol Contact information at EDIRC.
Bibliographic data for series maintained by Jo Michell (jo.michell@uwe.ac.uk).

 
Page updated 2025-02-13
Handle: RePEc:uwe:wpaper:0902