Defense Expenditures, Economic Growth, and the “Peace Dividend”

Alex Mintz and Chi Huang

American Political Science Review, 1990, vol. 84, issue 4, 1283-1293

Abstract: Recent developments in Eastern Europe have created expectations of a “peace dividend” associated with reduced levels of U.S. defense expenditures. We present and empirically estimate a two-equation model for assessing the direct and indirect, immediate and delayed effects of changes in defense spending on economic growth in the United States.

Date: 1990
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