Military Expenditure and Debt in Small Industrialised Economies: A Panel Analysis

John Dunne, Samuel Perlo-Freeman and Aylin Soydan
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Aylin Soydan: Middlesex University Business School

No 306, Working Papers from Department of Accounting, Economics and Finance, Bristol Business School, University of the West of England, Bristol

Abstract: This paper considers the impact of military spending on debt in a panel of 11 small industrialising economies using panel data methods. It provides estimates for fixed effects and random effects models and then moves on to consider dynamic models. The dynamics are found to be important and the results suggest that military burden does indeed have a positive impact on the share of external debt in GDP.

Keywords: Military spending; external debt; panel data. (search for similar items in EconPapers)
JEL-codes: C33 H56 (search for similar items in EconPapers)
Pages: 17 pages
Date: 2003-06
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (8)

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http://carecon.org.uk/DPs/0306.pdf First version, 2003 (application/pdf)

Related works:
Journal Article: Military expenditure and debt in small industrialised economies: A panel analysis* (2004)
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Persistent link: https://EconPapers.repec.org/RePEc:uwe:wpaper:0306

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