Military Spending and Economic Growth in An Augmented Solow Model: A Panel Data Investigation for OECD Countries
Na Hou and
Additional contact information
Chen Bo: Institute of Defence Economics and Management, Central University of Finance and Economics, Beijing 100081, China
Peace Economics, Peace Science, and Public Policy, 2014, vol. 20, issue 3, 15
The defence-growth nexus has been investigated by many studies and has always been a controversial area of research. By applying an Augmented Solow Growth Model integrated with a military burden variable, this paper examines the effect of military expenditure on economic growth for 21 OECD countries during the period 1960–2009. Different panel estimation methodologies are used to analyze the economic effects of military expenditure. The empirical results suggest that military expenditure would appear to have a negative effect on growth.
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (6) Track citations by RSS feed
Downloads: (external link)
https://www.degruyter.com/view/j/peps.2014.20.issu ... -0016.xml?format=INT (text/html)
For access to full text, subscription to the journal or payment for the individual article is required.
This item may be available elsewhere in EconPapers: Search for items with the same title.
Export reference: BibTeX
RIS (EndNote, ProCite, RefMan)
Persistent link: https://EconPapers.repec.org/RePEc:bpj:pepspp:v:20:y:2014:i:3:p:15:n:4
Ordering information: This journal article can be ordered from
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 ().