Does UK defence spending crowd-out UK private sector investment?
James Scott ()
Defence and Peace Economics, 2001, vol. 12, issue 4, 325-336
Abstract:
This study tests the hypothesis that defence spending “crowds-out” civil investment. It uses UK data for 1974-96. The results suggest that the crowding-out of investment takes place entirely in the private sector.
Keywords: Crowding-out; Investment (search for similar items in EconPapers)
Date: 2001
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Persistent link: https://EconPapers.repec.org/RePEc:taf:defpea:v:12:y:2001:i:4:p:325-336
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DOI: 10.1080/10430710108404991
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