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Military Expenditures 1972-1990: The Reasons Behind the Post-1985 Fall in World Military Spending

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  • Mr. Daniel P. Hewitt

Abstract

World military expenditures have fallen by over 20 percent in proportion to GDP from 1985 to 1990. This study examines the determinants of military expenditures in 125 countries during 1972-90 to ascertain what factors may be behind the recent decreases. Economic decline among developing countries in the 1980s and among industrial countries in the later part of the decade emerges as one possible factor. A second is the move towards more democratic regimes, which could diminish support for the military. A third factor is the improved world security situation and the concomitant decrease in military aid by the former major cold war combatants.

Suggested Citation

  • Mr. Daniel P. Hewitt, 1993. "Military Expenditures 1972-1990: The Reasons Behind the Post-1985 Fall in World Military Spending," IMF Working Papers 1993/018, International Monetary Fund.
    • Handle: RePEc:imf:imfwpa:1993/018
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    Cited by:

    1. Alberto Chong & Luisa Zanforlin, 2004. "Inward-Looking Policies, Institutions, Autocrats, and Economic Growth in Latin America: An Empirical Exploration," Public Choice, Springer, vol. 121(3), pages 335-361, February.
    2. Alberto Chong & Luisa Zanforlin, 2001. "Políticas de orientación interna, instituciones, autócratas y crecimiento económico en América Latina: un análisis empírico," Research Department Publications 4256, Inter-American Development Bank, Research Department.
    3. Jorge F. Pérez-López, 1996. "Cuban Military Expenditures: Concepts, Data and Burden Measures," Annual Proceedings, The Association for the Study of the Cuban Economy, vol. 6.
    4. William Easterly & Stanley Fischer, 1994. "The Soviet Economic Decline: Historical and Republican Data," NBER Working Papers 4735, National Bureau of Economic Research, Inc.
    5. repec:bpj:pepspp:v:18:y:2012:i:3:p:16:n:2 is not listed on IDEAS
    6. Brauner Jennifer, 2012. "Military Spending and Democratisation," Peace Economics, Peace Science, and Public Policy, De Gruyter, vol. 18(3), pages 1-16, December.

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