Military Spending, Corruption and Economic Growth

Luca Pieroni and Giorgio d'Agostino

Peace Economics, Peace Science, and Public Policy, 2009, vol. 14, issue 3, 14

Abstract: The purpose of this paper is to identify the complementary effect of corruption and military sector on economic performance and to test the magnitude of their impact separately. Unlike the method generally used in the economic literature, we estimate a cardinal corruption index expressed as a percentage of GDP per capita through the multiple causes multiple indicators model (MIMIC).The cross-country results show a negative impact of military spending and corruption indicator on economic performance, which are in line with previous findings. However, the negative effect is mitigated by a significant positive, though asymmetric, relationship between these two factors in affecting per capita growth rate.

Keywords: military spending; corruption; economic growth (search for similar items in EconPapers)
Date: 2009
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (10)

Downloads: (external link)
https://doi.org/10.2202/1554-8597.1141 (text/html)
For access to full text, subscription to the journal or payment for the individual article is required.

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:bpj:pepspp:v:14:y:2009:i:3:n:4

Ordering information: This journal article can be ordered from
https://www.degruyter.com/journal/key/peps/html

DOI: 10.2202/1554-8597.1141

Access Statistics for this article

Peace Economics, Peace Science, and Public Policy is currently edited by Raul Caruso

More articles in Peace Economics, Peace Science, and Public Policy from De Gruyter
Bibliographic data for series maintained by Peter Golla ().