The Military-Civilian Tradeoff in Guatemala: An Econometric Analysis

Kanta Marwah, Lawrence Klein and Thomas Scheetz

Chapter 15 in Arming the South, 2002, pp 337-372 from Palgrave Macmillan

Abstract: Abstract There is a general supposition that a high degree of militarization competes with general economic advancement in the civilian sector of an economy. In order to examine this supposition in a quantitative and detailed fashion it is necessary to consider simultaneously the following effects or economic adjustments to the military situation: (a) the demand side, (b) the supply side, (c) the short-run, and (d) the long-run. The idea of simultaneous consideration means that both direct and indirect effects must be taken into account.

Keywords: Exchange Rate; Capital Stock; Econometric Analysis; Military Expenditure; Current Account Balance (search for similar items in EconPapers)
Date: 2002
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-0-230-50125-6_16

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DOI: 10.1057/9780230501256_16

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