Worldwide Military Spending, 1990-1995

Jerald Schiff, Benedict Clements and Sanjeev Gupta

No 1996/064, IMF Working Papers from International Monetary Fund

Abstract: The decline in military spending that began in the mid-1980s continued through 1995, and this decline was widespread both geographically and by level of development. Cuts in military spending appear to have potentially important implications for nonmilitary spending and fiscal adjustment. In contrast to findings for previous periods, military spending has declined more than proportionately in those countries that have reduced total spending. Countries with Fund programs have reduced military spending more sharply than other developing countries, largely reflecting outcomes in the transition economies. Further, military spending appears to have been less resilient in program countries than other developing countries.

Keywords: WP; military spending; spending; country; GDP; total spending; program country; nonmilitary expenditure level; nonmilltary spending; spending crowd; social spending; country GDP; extent country; Latin American country; Defense spending; Total expenditures; Government debt management; Fiscal consolidation; Global; Middle East; Eastern Europe (search for similar items in EconPapers)
Pages: 42
Date: 1996-06-01
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