Military Expenditure and Growth in Less Developed Countries
Saadet Deger and
Ronald Smith ()
Journal of Conflict Resolution, 1983, vol. 27, issue 2, 335-353
This article analyzes the relationship between military expenditure and economic growth in less developed countries using cross-sectional evidence in a macrostatistical framework. Within the context of a fully specified empirical model it is found that military expenditure has a negative effect on growth and thus retards development. Specification sensitivity analysis is conducted to show that the results are robust.
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Persistent link: https://EconPapers.repec.org/RePEc:sae:jocore:v:27:y:1983:i:2:p:335-353
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