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Military Expenditures Worldwide: Determinants and Trends, 1972–1988

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  • Hewitt, Daniel

Abstract

This paper examines trends in world military expenditures and offers an econometric examination of their determinants in 125 countries from 1972 to 1988. A simultaneous equation framework based on a public choice model shows military expenditures as a ratio of GDP to be influenced by the level of GDP, central government expenditures, other financial indicators, the form of government, and geographical characteristics of countries. The study also examines the opportunity cost of military expenditures and analyzes the budgetary trade-off between military, social, and development expenditures. Although military expenditures may benefit a given country, they may also have a negative impact on the welfare of rival nations. Hence a coordinated reduction in military expenditures that does not alter the strategic balance will increase economic wellbeing in the world.

Suggested Citation

  • Hewitt, Daniel, 1992. "Military Expenditures Worldwide: Determinants and Trends, 1972–1988," Journal of Public Policy, Cambridge University Press, vol. 12(2), pages 105-152, April.
    • Handle: RePEc:cup:jnlpup:v:12:y:1992:i:02:p:105-152_00
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    Cited by:

    1. Töngür, Ünal & Hsu, Sara & Elveren, Adem Yavuz, 2015. "Military expenditures and political regimes: Evidence from global data, 1963–2000," Economic Modelling, Elsevier, vol. 44(C), pages 68-79.
    2. Ilgaz Arikan & Asli M. Arikan & Oded Shenkar, 2020. "Nation‐dyadic history and cross‐border corporate deals: Role of conflict, trade, generational distance, and professional education," Strategic Management Journal, Wiley Blackwell, vol. 41(3), pages 422-466, March.
    3. Karim Khan & Saima Batool & Anwar Shah, 2016. "Authoritarian Regimes and Economic Development: An Empirical Reflection," The Pakistan Development Review, Pakistan Institute of Development Economics, vol. 55(4), pages 657-673.
    4. Una Hakvåg, 2017. "Russian defense spending after 2010: the interplay of personal, domestic, and foreign policy interests," Post-Soviet Affairs, Taylor & Francis Journals, vol. 33(6), pages 496-510, November.
    5. Bove, Vincenzo & Nisticò, Roberto, 2014. "Military in politics and budgetary allocations," Journal of Comparative Economics, Elsevier, vol. 42(4), pages 1065-1078.
    6. Goel, Rajeev K. & Saunoris, James W., 2014. "Military versus non-military government spending and the shadow economy," Economic Systems, Elsevier, vol. 38(3), pages 350-359.
    7. Karim Khan & Anwar Shah, 2019. "Dictatorships, Patronage and Public Good Provision: Some Empirics," The Pakistan Development Review, Pakistan Institute of Development Economics, vol. 58(3), pages 239-264.
    8. Vincenzo Bove & Jennifer Brauner, 2016. "The demand for military expenditure in authoritarian regimes," Defence and Peace Economics, Taylor & Francis Journals, vol. 27(5), pages 609-625, September.
    9. Seemab Gillani & Muhammad Nouman Shafiq & Tusawar Iftikhar Ahmad, 2019. "Military Expenditures and Health Outcomes: A Global Perspective," iRASD Journal of Economics, International Research Alliance for Sustainable Development (iRASD), vol. 1(1), pages 1-20, June.
    10. Renaud Bellais & Martial Foucault & Jean-Michel Oudot, 2014. "Économie de la défense," Université Paris1 Panthéon-Sorbonne (Post-Print and Working Papers) hal-01052607, HAL.
    11. Travis Sharp, 2019. "Wars, presidents, and punctuated equilibriums in US defense spending," Policy Sciences, Springer;Society of Policy Sciences, vol. 52(3), pages 367-396, September.
    12. Giorgio d’Agostino & John Paul Dunne & Luca Pieroni, 2019. "Military Expenditure, Endogeneity and Economic Growth," Defence and Peace Economics, Taylor & Francis Journals, vol. 30(5), pages 509-524, July.
    13. Oasis Kodila-Tedika & Sherif Khalifa, 2021. "African Junta and Defence Spending: A Capture Effect or Self-preservation? [A Theory of Military Dictatorships]," Journal of African Economies, Centre for the Study of African Economies, vol. 30(3), pages 285-300.
    14. Seemab Gillani & Muhammad Nouman Shafiq & Tusawar Iftikhar Ahmad, 2019. "Military Expenditures and Health Outcomes: A Global Perspective," iRASD Journal of Energy and Environment, International Research Association for Sustainable Development (iRASD), vol. 1(1), pages 1-20, June.
    15. James Alm & Trey Dronyk‐Trosper, 2021. "What drives road infrastructure spending?," Public Budgeting & Finance, Wiley Blackwell, vol. 41(4), pages 20-49, December.
    16. Farzanegan, Mohammad Reza, 2017. "The impact of oil rents on military spending: Does corruption matter?," VfS Annual Conference 2017 (Vienna): Alternative Structures for Money and Banking 168157, Verein für Socialpolitik / German Economic Association.
    17. Rosella Cappella Zielinski & Benjamin O Fordham & Kaija E Schilde, 2017. "What goes up, must come down? The asymmetric effects of economic growth and international threat on military spending," Journal of Peace Research, Peace Research Institute Oslo, vol. 54(6), pages 791-805, November.
    18. Jang C. Jin & Go En Chang, 2022. "Military technology and the North Korean economy: evidence from time‐series data," Asian-Pacific Economic Literature, The Crawford School, The Australian National University, vol. 36(2), pages 106-117, November.
    19. Jo Jakobsen & Thomas Halvorsen, 2019. "Geographical and temporal patterns of interstate security competition: Global and regional evidence," International Area Studies Review, Center for International Area Studies, Hankuk University of Foreign Studies, vol. 22(3), pages 226-246, September.
    20. Mai'a K. Davis Cross & Ireneusz Pawel Karolewski & Kaija Schilde, 2017. "European Military Capabilities: Enablers and Constraints on EU Power?," Journal of Common Market Studies, Wiley Blackwell, vol. 55(1), pages 37-53, January.

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