Democracy levels and the income-military expenditure relationship

Vahe Lskavyan ()

Applied Economics Letters, 2011, vol. 18, issue 15, 1485-1489

Abstract: I explore whether the level of democracy has an impact on the income sensitivity of military expenditures. Such an impact can exist if military support is a substitute for popular support in nondemocracies but not in democracies. For a panel of developing and less developed countries, I find that the sensitivity of military expenditures to income changes decreases with the level of democracy.

Date: 2011
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DOI: 10.1080/13504851.2010.543067

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