Political Decisions, Defence and Growth

Oya Erdogdu ()

MPRA Paper from University Library of Munich, Germany

Abstract: Considering the importance of military expenditures on political and economical success of a government, this empirical study analyzes the relations between political stability, economic growth and military expenditures. Based on the theoretical model developed by Blomberg (1996), the vector autoregression analyzes results for a democratic country indicates the significance of military expenditures on political stability and private sector investment decisions.

Keywords: Defense; Political Stability; Growth; VAR (search for similar items in EconPapers)
JEL-codes: C32 (search for similar items in EconPapers)
Date: 2006, Revised 2007-02
New Economics Papers: this item is included in nep-cdm, nep-cwa and nep-pol
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1)

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Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:2520

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