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Military expenditure in Greece: Security challenges and economic constraints

Christos Kollias, Suzanna-Maria Paleologou () and Andreas Stergiou ()
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Suzanna-Maria Paleologou: Department of Economics, Aristotle University of Thessaloniki, Greece
Andreas Stergiou: Department of Economics, University of Thessaly, Greece

Economics of Peace and Security Journal, 2016, vol. 11, issue 1, 28-34

Abstract: Against the backdrop of significant political, economic, and security-related changes that have taken place over the past two decades or so, this article examines the factors that affect military expenditure in Greece. Invariably ranked among the countries with the highest defense burden in the EU and NATO, it would appear that such budgetary outlays have mostly been driven by the ability of the economy to allocate scarce resources to national defense and less so by external security considerations.

Keywords: Greece; military expenditure; economic contraints (search for similar items in EconPapers)
JEL-codes: D74 H56 O53 (search for similar items in EconPapers)
Date: 2016
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