Guns, Economic Growth and Education during the second half of the Twentieth Century: Was Spain different?

José Jurado-Sánchez and Juan Jimenez-Martin

No 2014-14, Documentos de Trabajo del ICAE from Universidad Complutense de Madrid, Facultad de Ciencias Económicas y Empresariales, Instituto Complutense de Análisis Económico

Abstract: In the past decades, numerous studies have been conducted on the trade-off between guns and butter, namely defense versus social sector expenditure. The aim of this research is identifying whether indeed defense spending crowded out investment and other social expenditures as health and education. Previous research does not yield strong and unambiguous evidence of neither positive nor negative effects of military expenditure on social spending. It is striking that the guns versus butter dilemma has not been extensively studied for Spain. Using Mintz and Huang (1991) strategy applied to the US, we test if the government expenditure in defense in Spain during the last part of the Franco’s dictatorship and the first years of the transition and democracy, contributed positively or negatively to education spending. Results show a negative trade-off for the Franco’s regimen and an ambiguous effect for the last part of the sample.

Keywords: Guns versus butter dilemma; Military spending; Economic growth and social expenditures; Education spending; Spain from 1950 to 2000. (search for similar items in EconPapers)
JEL-codes: H51 H52 H53 H56 N40 N44 (search for similar items in EconPapers)
Pages: 25 pages
Date: 2014-06
New Economics Papers: this item is included in nep-edu, nep-fdg, nep-gro and nep-his
Note: This author acknowledges financial support from the Ministerio de Ciencia y Tecnología of Spain through the research project ECO2012-31941.
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