Can economic liberalization and improved governance alter the defense-growth trade-off?
AbstractBecause of the presumed guns vs. butter trade-off, defense expenditures in developing countries are coming under increased scrutiny from the international lending agencies as well as key donors. As a result, defense expenditure cuts have often taken place despite rising security concerns. Empirically we find that developing countries may have more options than previously believed in their quest for adequate security and sustained economic growth. Specifically the main finding of the study is that key combinations of reforms and governance measures are likely to exist and are capable of neutralizing many of the adverse economic effects often associated with defense expenditures. The key is to coordinate economic liberalization and governance reforms in the civilian sector with the requirements for improved security in the defense sector.
Download InfoIf you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
As the access to this document is restricted, you may want to look for a different version under "Related research" (further below) or search for a different version of it.
Bibliographic InfoArticle provided by Elsevier in its journal Review of Financial Economics.
Volume (Year): 17 (2008)
Issue (Month): 3 (August)
Contact details of provider:
Web page: http://www.elsevier.com/locate/inca/620170
You can help add them by filling out this form.
CitEc Project, subscribe to its RSS feed for this item.
- Alptekin, Aynur & Levine, Paul, 2012.
"Military expenditure and economic growth: A meta-analysis,"
European Journal of Political Economy,
Elsevier, vol. 28(4), pages 636-650.
- Alptekin, Aynur & Levine, Paul, 2010. "Military Expenditure and Economic Growth: A Meta-Analysis," MPRA Paper 28853, University Library of Munich, Germany.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Zhang, Lei).
If references are entirely missing, you can add them using this form.