Military expenditure and economic growth in the European Union: Evidence from SIPRI’s extended dataset

Julien Malizard

Economics of Peace and Security Journal, 2016, vol. 11, issue 2, 38-44

Abstract: The aim of this article is to shed light on the fiscal consequences of economic growth in the EU15 countries by disentangling military and civilian government expenditure. Given the newly available extended dataset on military expenditure provided by the Stockholm International Peace Research Institute (SIPRI), a comparison can be made to older SIPRI data. Using growth theory and panel data analysis, the results show that public spending is growth detrimental and military expenditure is less harmful than nonmilitary, civilian spending. The new data offer a richer pattern of results.

Keywords: Economic growth; European Union; fiscal policy; heterogeneity (search for similar items in EconPapers)
JEL-codes: C23 H56 O47 (search for similar items in EconPapers)
Date: 2016
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Citations: View citations in EconPapers (8)

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Persistent link: https://EconPapers.repec.org/RePEc:epc:journl:v:11:y:2016:i:2:p:38-44

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