 The Portuguese Military Expenditure from a Historical PerspectiveRicardo Ferraz Defence and Peace Economics, 2022, vol. 33, issue 3, 347-365 Abstract: Over a period of more than a century and a half (1852–2019), military expenditure in Portugal reached its highest values in the contexts of the Great War (1914–1918) and the Colonial War (1961–1974). In almost every year between these two conflicts, military expenditure was the most important sector within the structure of the Portuguese State. However, with the end of the Colonial War and Portugal’s entry into Democracy, there was a clear shift in this pattern. Since 1975, military expenditure has ceased to be the most important sector of the Portuguese State, and currently plays only a very reduced role, while social spending has today supplanted it as the most significant sector. Through the estimation of a dynamic model, it proved possible to identify some of the positive and negative effects of military spending on the Portuguese economy during the period 1874–2018. These results are a possibility that is supported by the theoretical framework. Date: 2022 Downloads: (external link) Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:taf:defpea:v:33:y:2022:i:3:p:347-365 Ordering information: This journal article can be ordered from DOI: 10.1080/10242694.2020.1818424 Access Statistics for this article Defence and Peace Economics is currently edited by Professor Keith Hartley More articles in Defence and Peace Economics from Taylor & Francis Journals |
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