Guns and growth: The economic consequences of defense buildups

Ethan Ilzetzki

No 2, Kiel Report from Kiel Institute for the World Economy (IfW Kiel)

Abstract: This paper investigates how an increase in military expenditures affects an economy. It is written in the context of rising geopolitical tensions that have spurred increased military spending in the United States, Europe, and other economic areas. It draws on a large literature in macroeconomics, public finance, defense and peace studies, economic history, and the study of productivity to evaluate the short- and long-run consequences of rearmament.

Keywords: Military expenditures; Fiscal multipliers; Innovation; Growth; Short- and long-run consequences of rearmament; USA; Europe (search for similar items in EconPapers)
Date: 2025
New Economics Papers: this item is included in nep-gro, nep-his and nep-inv
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Persistent link: https://EconPapers.repec.org/RePEc:zbw:ifwkrp:311212

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