Military expenditures, armament, and disarmament

Jacques Fontanel () and Michael Ward
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Jacques Fontanel: CESICE - Centre d'études sur la sécurité internationale et les coopérations européennes - UPMF - Université Pierre Mendès France - Grenoble 2 - IEPG - Sciences Po Grenoble - Institut d'études politiques de Grenoble
Michael Ward: University of Colorado [Colorado Springs]

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Abstract: We examine some putative effects of disarmament ans strategic realignment ion the 1990s. The political and strategic contexts which resulted in the Cold war and the militarisation of economies have changed in important ways. Short term economic benefits of disarmament are likely to be limites and the long term prospects for political, economic and strategic restructuring will be constrained. Cost of peace in the short-run may be significant, if that peace is to include disarmament that includes both reduction of military expenditures and physical limitations of armaments. However we caution against the benefits of disarmament in solely economic terms.

Keywords: Defence spending; Disarmament; Economic growth; Keynesian multiplier; Armament (search for similar items in EconPapers)
Date: 1993
Note: View the original document on HAL open archive server: https://hal.univ-grenoble-alpes.fr/hal-02065451v1
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Published in Defence and Peace Economics, 1993, 4 (1), pp.63-78. ⟨10.1080/10430719308404748⟩

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Persistent link: https://EconPapers.repec.org/RePEc:hal:journl:hal-02065451

DOI: 10.1080/10430719308404748

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