Military Expenditure and Economic Growth Literature: A Meta-Analysis
AbstractThis paper surveys the literature on military expenditure and economic growth us- ing a meta-analysis technique. There exists a vast empirical literature that examines the impact of military expenditure on economic growth. The outcomes of these studies have yielded controversial results. Therefore, a meta-analysis is conducted to review 25 empirical studies with 140 estimations. The result indicates that the net combined effect of military expenditure on economic growth is positive but the magnitude is very small.
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Bibliographic InfoPaper provided by School of Economics, University of Surrey in its series School of Economics Discussion Papers with number 0209.
Length: 41 pages
Date of creation: Apr 2009
Date of revision:
military expenditure; economic growth; meta analysis;
Find related papers by JEL classification:
- C42 - Mathematical and Quantitative Methods - - Econometric and Statistical Methods: Special Topics - - - Survey Methods
- H5 - Public Economics - - National Government Expenditures and Related Policies
- O11 - Economic Development, Technological Change, and Growth - - Economic Development - - - Macroeconomic Analyses of Economic Development
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- Laura de Dominicis & Henri L.F. de Groot & Raymond J.G.M. Florax, 2006. "Growth and Inequality: A Meta-Analysis," Tinbergen Institute Discussion Papers 06-064/3, Tinbergen Institute.
- Giorgio d'Agostino & Luca Pieroni & J Paul Dunne, 2009.
"Optimal Military Spending in the US: A Time Series Analysis,"
0903, Department of Accounting, Economics and Finance, Bristol Business School, University of the West of England, Bristol.
- d'Agostino, G. & Dunne, J.P. & Pieroni, L., 2011. "Optimal military spending in the US: A time series analysis," Economic Modelling, Elsevier, vol. 28(3), pages 1068-1077, May.
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