The economics of disarmament is a new discipline. It involves analyses on the economic causes of the arms race, the definitions of disarmament and the economic determinants and military expenditure. Simultaneously, disarmament is considered as an obstacle to economic development, a peace dividend or an investment. The construction of economic models of disarmament produces some controversial results. Questions arise concerning the economic effects of a reduction in military expenditure on growth, employment, inflation, budget deficits, the costs of conversion or the dual use of military products, capital capacity and R&D. Long term disarmament needs a development process and an adequate public policy.
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ReDIF This chapter was published in: Keith Hartley & Todd Sandler (ed.) Handbook of Defense Economics, , chapter 19, pages 563-590, 1995.
For technical questions regarding this item, or to correct its listing, contact: (Heidi Boesdal).
Related research
This chapter was published in the following book, which is listed on IDEAS: Keith Hartley & Todd Sandler (ed.), 1995.
"Handbook of Defense Economics,"
Handbook of Defense Economics,
Elsevier,
edition 1, volume 1, number 1.
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