POLITICAL DECISIONS, DEFENSE AND GROWTH

Oya Erdogdu ()

Defence and Peace Economics, 2008, vol. 19, issue 1, 27-35

Abstract: Considering the importance of military expenditures on political and economical success of a government, this empirical study analyzes the relations between political stability, economic growth and military expenditures. Based on the theoretical model developed by Blomberg (1996), the vector autoregression analyzes results for a democratic country and indicates the significance of military expenditures on political stability and private sector investment decisions.

Keywords: Defense; Political Stability; Growth; VAR (search for similar items in EconPapers)
Date: 2008
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Citations: View citations in EconPapers (7)

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Working Paper: Political Decisions, Defence and Growth (2007)
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DOI: 10.1080/10242690701453701

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