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The Political Economy of Military Expenditure: An Introduction

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  • Dunne, Paul

Abstract

This paper shows that, although the military burden has declined since the Korean War, in the OECD it still represents an important component of government spending. The magnitude of military spending does not provide a measure of its importance to the economy. The relation between military spending and accumulation has to be seen as a complex historical dialectical process in which military spending plays a contradictory role. The other contributions to the symposium are then discussed within this framework. They deal with the empirical analysis of the economic costs of military spending, the impact of changing military spending, and the problems of conversion. Copyright 1990 by Oxford University Press.

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Bibliographic Info

Article provided by Oxford University Press in its journal Cambridge Journal of Economics.

Volume (Year): 14 (1990)
Issue (Month): 4 (December)
Pages: 395-404

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Handle: RePEc:oup:cambje:v:14:y:1990:i:4:p:395-404

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Cited by:
  1. Christos Kollias & Thanasis Maniatis, 2003. "Military expenditure and the profit rate in Greece," Defence and Peace Economics, Taylor & Francis Journals, vol. 14(2), pages 117-127.
  2. Jurgen Brauer & J Paul Dunne, 2005. "Arms Trade Offsets and Development," Working Papers 0504, Department of Accounting, Economics and Finance, Bristol Business School, University of the West of England, Bristol.
  3. Dietrich Fischer & Jurgen Brauer, 2003. "Twenty questions for peace economics: A research agenda," Defence and Peace Economics, Taylor & Francis Journals, vol. 14(3), pages 223-236.
  4. J Paul Dunne, 2011. "Military Keynesianism: An Assessment," Working Papers 1106, Department of Accounting, Economics and Finance, Bristol Business School, University of the West of England, Bristol.
  5. Tony Addison & Alemayehu Geda & Philippe Le Billon & S Mansoob Murshed, 2005. "Reconstructing and Reforming the Financial System in Conflict and 'Post-Conflict' Economies," Journal of Development Studies, Taylor & Francis Journals, vol. 41(4), pages 703-718.
  6. Luca Pieroni, 2007. "How Strong is the Relationship between Defence Expenditure and Private Consumption? Evidence from the United States," Working Papers 0705, Department of Accounting, Economics and Finance, Bristol Business School, University of the West of England, Bristol.
  7. Pieroni, Luca, 2009. "Does defence expenditure affect private consumption? Evidence from the United States," Economic Modelling, Elsevier, vol. 26(6), pages 1300-1309, November.
  8. Gulay Gunluk-Senesen, 2002. "Budgetary trade-offs of security expenditures in Turkey," Defence and Peace Economics, Taylor & Francis Journals, vol. 13(5), pages 385-403.
  9. Emmanuel Athanassiou & Christos Kollias & Stavros Zografakis, 2002. "The Effects of Defence Spending Reductions: A CGE Estimation of the Foregone Peace Dividend in the Case of Greece," Defence and Peace Economics, Taylor & Francis Journals, vol. 13(2), pages 109-119.
  10. Paul Dunne & Duncan Watson, 2005. "Manufacturing Growth, Technological Progress, and Military Expenditure," Working Papers 0511, Department of Accounting, Economics and Finance, Bristol Business School, University of the West of England, Bristol.

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