Phases of Imitation and Innovation in a North-South Endogenous Growth Model
Christos Kollias and
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Paschalis Arvanitidis: Department of Economics, University of Thessaly
No 1001, Working Papers from European Centre of Peace Science, Integration and Cooperation (CESPIC), Catholic University 'Our Lady of Good Counsel'
Military spending as a share of GDP, represents the resources used in the implementation of national defence policy. A convergence in terms of defence burdens would be an indication of a defence policy convergence in terms of inputs. This theme is examined here using SIPRIâ€™s new consistent database that covers both the Cold War era as well as the post-bipolar period. The results reported herein point to a process of convergence only in the post-bipolar period possibly reflecting the emergence of defence policies that share similar characteristics at least in terms of the allocation of resources. However, this convergence pattern seems to be reversing in recent years.
Keywords: North-South; growth model; innovation assimilation (search for similar items in EconPapers)
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