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Political Decisions, Defence and Growth

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Author Info
Erdogdu, Oya Safinaz

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Abstract

Considering the importance of military expenditures on political and economical success of a government, this empirical study analyzes the relations between political stability, economic growth and military expenditures. Based on the theoretical model developed by Blomberg (1996), the vector autoregression analyzes results for a democratic country indicates the significance of military expenditures on political stability and private sector investment decisions.

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File URL: http://mpra.ub.uni-muenchen.de/2520/
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Publisher Info
Paper provided by University Library of Munich, Germany in its series MPRA Paper with number 2520.

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Date of creation: 2006
Date of revision: Feb 2007
Handle: RePEc:pra:mprapa:2520

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Related research
Keywords: Defense Political Stability Growth VAR

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Find related papers by JEL classification:
C32 - Mathematical and Quantitative Methods - - Multiple or Simultaneous Equation Models; Multiple Variables - - - Time-Series Models

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