Military Expenditure and Economic Growth: A Meta-Analysis

Aynur Alptekin and Paul Levine (p.levine@surrey.ac.uk)

MPRA Paper from University Library of Munich, Germany

Abstract: Meta analysis is conducted to review 32 empirical studies with 169 estimates to find the combined overall effect of military expenditure on economic growth. Using a meta fixed and random effects and regression analysis, our results show that there exists a "genuine" net effect of military expenditure on economic growth. The net combined effect is positive, and the magnitude is very small. The main sources of study-to-study variation in the findings of military expenditure and economic growth literature are attributable to the sample, time periods, and functional forms.

Keywords: military expenditure; economic growth; meta analysis (search for similar items in EconPapers)
JEL-codes: C42 H50 O11 O41 O47 (search for similar items in EconPapers)
Date: 2010-10
New Economics Papers: this item is included in nep-fdg
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (6)

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Related works:
Journal Article: Military expenditure and economic growth: A meta-analysis (2012)
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Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:28853

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