Military engagement and income inequality in LAC region. Empirical evidence from 1990 to 2022

Adelaide Baronchelli (), Antonella Biscione () and Raul Caruso ()
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Adelaide Baronchelli: Department of Economics and Statistics “Cognetti de Martiis”, University of Turin
Antonella Biscione: CESPIC, Catholic University “Our Lady of Good Counsel”

No 1022, Working Papers from European Centre of Peace Science, Integration and Cooperation (CESPIC), Catholic University 'Our Lady of Good Counsel'

Abstract: This paper explores the effect of military engagement and income inequality in a panel of countries in Latin America and Caribbean (LAC) region in the period 1990-2022. This study focuses on both short and a long-term effect of military engagement defined as a country's overall involvement in military activities, including defense spending, military personnel maintenance, and militarization efforts. Results show that: (i) military expenditure as share of GPD appears to have a positive effect on reducing income inequality and (ii) the Global Militarization index play a role in exacerbating income inequality.

Keywords: income inequality; Gini index; military engagement; military spending; political regime; LAC region (search for similar items in EconPapers)
JEL-codes: C23 D3 D6 O15 (search for similar items in EconPapers)
Pages: 10 pages
Date: 2024-01
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