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Estimations macroéconomiques de l'impact des dépenses militaires sur les économies de la France et de la Grande-Bretagne

Author

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  • Jacques Fontanel

    (CESICE - Centre d'études sur la sécurité internationale et les coopérations européennes - UPMF - Université Pierre Mendès France - Grenoble 2 - IEPG - Sciences Po Grenoble - Institut d'études politiques de Grenoble)

  • Stephen Martin

    (Birkbeck College [University of London])

  • Ron Smith

    (Birkbeck College [University of London])

Abstract

To estimate the impact of military spending on economic growth and development, a theoretical simultaneous equation model is constructed, using investment, employment, and GDP growth rate equations. On the basis of national information, estimates of the impact of changes in military spending on these explained variables are simulated. The differences between the estimates of the two countries are not always very significant. If the statistical tests are satisfactory, the model is only a limited representation of the complex process that determines investment, unemployment, and growth. Initially, the effect of an increase in military spending is positive (expansion of demand), but the effects on unemployment and investment are greater and ultimately reduce the growth potential of both countries.

Suggested Citation

  • Jacques Fontanel & Stephen Martin & Ron Smith, 1985. "Estimations macroéconomiques de l'impact des dépenses militaires sur les économies de la France et de la Grande-Bretagne," Post-Print hal-02938192, HAL.
    • Handle: RePEc:hal:journl:hal-02938192
    Note: View the original document on HAL open archive server: https://hal.univ-grenoble-alpes.fr/hal-02938192
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    File URL: https://hal.univ-grenoble-alpes.fr/hal-02938192/document
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    References listed on IDEAS

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    1. Anonymous, 1981. "Introduction [Regional Economic Disparities]," Canadian Public Policy, University of Toronto Press, vol. 7(4), pages 496-497, Autumn.
    2. Anonymous, 1981. "Introduction [Disparites Economiques Regionales]," Canadian Public Policy, University of Toronto Press, vol. 7(4), pages 498-499, Autumn.
    3. Smith, Ronald P., 1980. "Military expenditure and investment in OECD countries, 1954-1973," Journal of Comparative Economics, Elsevier, vol. 4(1), pages 19-32, March.
    4. McCloskey, Donald N, 1983. "The Rhetoric of Economics," Journal of Economic Literature, American Economic Association, vol. 21(2), pages 481-517, June.
    5. Smith, R P, 1980. "The Demand for Military Expenditure," Economic Journal, Royal Economic Society, vol. 90(363), pages 811-820, December.
    6. Ron Smith & Anthony Humm & Jacques Fontanel, 1985. "The Economics of Exporting Arms," Journal of Peace Research, Peace Research Institute Oslo, vol. 22(3), pages 239-247, September.
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    Cited by:

    1. MAÏ ASSAN CHEDI, Maman, 2022. "Does Defence Expenditure Affect Education and Health expenditures in Saharan Africa?," African Journal of Economic Review, African Journal of Economic Review, vol. 10(4), September.

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