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Military Expenditures and Profit Rates: Evidence from OECD Countries

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  • Adem Y. Elveren
  • Sara Hsu

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  • Adem Y. Elveren & Sara Hsu, 2016. "Military Expenditures and Profit Rates: Evidence from OECD Countries," Metroeconomica, Wiley Blackwell, vol. 67(3), pages 551-577, July.
    • Handle: RePEc:bla:metroe:v:67:y:2016:i:3:p:551-577
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    File URL: http://hdl.handle.net/10.1111/meca.12111
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    References listed on IDEAS

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    1. Nordhaus, William & Oneal, John R. & Russett, Bruce, 2012. "The Effects of the International Security Environment on National Military Expenditures: A Multicountry Study," International Organization, Cambridge University Press, vol. 66(3), pages 491-513, July.
    2. Fred M. Gottheil, 1986. "Marx versus Marxists on the Role of Military Production in Capitalist Economies," Journal of Post Keynesian Economics, Taylor & Francis Journals, vol. 8(4), pages 563-573, July.
    3. Fanny Coulomb & Renaud Bellais, 2008. "The Marxist Analysis Of War And Military Expenditures, Between Certainty And Uncertainty," Defence and Peace Economics, Taylor & Francis Journals, vol. 19(5), pages 351-359.
    4. James Cypher, 1974. "Capitalist Planning and Military Expenditures," Review of Radical Political Economics, Union for Radical Political Economics, vol. 6(3), pages 1-19, October.
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    7. Pesaran, M. Hashem & Smith, Ron, 1995. "Estimating long-run relationships from dynamic heterogeneous panels," Journal of Econometrics, Elsevier, vol. 68(1), pages 79-113, July.
    8. Fanny Coulomb & Renaud Bellais, 2008. "The Marxist analysis of war and military expenditures, between certainty and uncertainty," Post-Print hal-01053853, HAL.
    9. Holtz-Eakin, Douglas & Newey, Whitney & Rosen, Harvey S, 1988. "Estimating Vector Autoregressions with Panel Data," Econometrica, Econometric Society, vol. 56(6), pages 1371-1395, November.
    10. Magdoff, Harry, 1970. "Militarism and Imperialism," American Economic Review, American Economic Association, vol. 60(2), pages 237-242, May.
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    12. Christos Kollias & Thanasis Maniatis, 2003. "Military expenditure and the profit rate in Greece," Defence and Peace Economics, Taylor & Francis Journals, vol. 14(2), pages 117-127.
    13. Thomas R. Michl, 1988. "The Two-Stage Decline in U.S. Nonfinancial Corporate Profitability, 1948-1986," Review of Radical Political Economics, Union for Radical Political Economics, vol. 20(4), pages 1-22, December.
    14. James M. Cypher, 1987. "Military Spending, Technical Change, and Economic Growth: A Disguised Form of Industrial Policy?," Journal of Economic Issues, Taylor & Francis Journals, vol. 21(1), pages 33-59, March.
    15. John A. Miller, 1987. "Military Spending and Economic Crises: A Comment on Gottheil and Riddell," Journal of Post Keynesian Economics, Taylor & Francis Journals, vol. 10(2), pages 310-317, December.
    16. Love, Inessa & Zicchino, Lea, 2006. "Financial development and dynamic investment behavior: Evidence from panel VAR," The Quarterly Review of Economics and Finance, Elsevier, vol. 46(2), pages 190-210, May.
    17. James M. Cypher, 1987. "Military Production and Capital Accumulation: A Comment," Journal of Post Keynesian Economics, Taylor & Francis Journals, vol. 10(2), pages 304-309, December.
    18. Bowles, Samuel, 1985. "The Production Process in a Competitive Economy: Walrasian, Neo-Hobbesian, and Marxian Models," American Economic Review, American Economic Association, vol. 75(1), pages 16-36, March.
    19. Reich, Michael, 1972. "Does the U.S. Economy Require Military Spending?," American Economic Review, American Economic Association, vol. 62(2), pages 296-303, May.
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    21. Simon Mohun, 1996. "Productive and Unproductive Labor in the Labor Theory of Value," Review of Radical Political Economics, Union for Radical Political Economics, vol. 28(4), pages 30-54, December.
    22. Deepankar Basu & Panayiotis T. Manolakos, 2013. "Is There a Tendency for the Rate of Profit to Fall? Econometric Evidence for the U.S. Economy, 1948-2007," Review of Radical Political Economics, Union for Radical Political Economics, vol. 45(1), pages 76-95, March.
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    24. Frees, Edward W., 1995. "Assessing cross-sectional correlation in panel data," Journal of Econometrics, Elsevier, vol. 69(2), pages 393-414, October.
    25. David M. Kotz, 2009. "The Financial and Economic Crisis of 2008: A Systemic Crisis of Neoliberal Capitalism," Review of Radical Political Economics, Union for Radical Political Economics, vol. 41(3), pages 305-317, September.
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    Cited by:

    1. Ünal Töngür & Adem Yavuz Elveren, 2017. "The nexus of economic growth, military expenditures, and income inequality," Quality & Quantity: International Journal of Methodology, Springer, vol. 51(4), pages 1821-1842, July.
    2. Ahad, Muhammad & Dar, Adeel Ahmad, 2017. "Modeling the Asymmetric Impact of Defense Spending on Economic Growth: An Evidence from Nonlinear ARDL and Multipliers," MPRA Paper 80085, University Library of Munich, Germany, revised 2017.
    3. Ünal Töngür & Adem Yavuz Elveren, 2015. "The Nexus of Economic Growth, Military Expenditures and Income Inequality," EY International Congress on Economics II (EYC2015), November 5-6, 2015, Ankara, Turkey 208, Ekonomik Yaklasim Association.
    4. Adem Yavuz Elveren & Sara Hsu, 2018. "The Effect of Military Expenditure on Profit Rates: Evidence from Major Countries," World Journal of Applied Economics, WERI-World Economic Research Institute, vol. 4(2), pages 75-94, December.
    5. Elveren, Adem Yavuz & Özgür, Gökçer, 2018. "The Effect of Military Expenditures on the Profit Rates in Turkey," MPRA Paper 88848, University Library of Munich, Germany.

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