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Greece: Military Expenditure, Economic Growth, and the Opportunity Cost of Defense

Emmanuel Athanassiou, Christos Kollias, Efi Nikolaidou and Stavros Zografakis

Chapter 13 in Arming the South, 2002, pp 291-317 from Palgrave Macmillan

Abstract: Abstract Assessing the impact of military expenditure on economic performance is an area that has been growing fast following Benoit’s seminal contribution. It provided a strong impetus for research, both theoretical and applied, on the subject for the past quarter century or so. But no consensus appears to exist as to the nature and extent of the economic effects of defense spending (Dunne, 1996; Ram, 1995; Fontanel, 1990; Gleditsch et al, 1996).

Keywords: Opportunity Cost; Computable General Equilibrium; Computable General Equilibrium Model; Military Expenditure; Military Spending (search for similar items in EconPapers)
Date: 2002
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DOI: 10.1057/9780230501256_14

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