The Impact of US Military Spending on Public Debt in Europe (1992–2013): A Note

Raul Caruso () and Marco Di Domizio

Peace Economics, Peace Science, and Public Policy, 2015, vol. 21, issue 4, 459-466

Abstract: This paper investigates the relationship between the US military spending and public debt in a panel of European countries in the period 1992–2013. Under the established evidence of the interdependence between US and European military spending, we exploited a dynamic panel estimation. Findings show that the debt of European countries is: (1) positively associated with US military spending; (2) negatively associated with average military burden of other European countries.

Keywords: interdependence; military spending; public debt (search for similar items in EconPapers)
Date: 2015
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Persistent link: https://EconPapers.repec.org/RePEc:bpj:pepspp:v:21:y:2015:i:4:p:459-466:n:14

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DOI: 10.1515/peps-2015-0040

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