IDEAS home Printed from https://ideas.repec.org/a/bla/metroe/v67y2016i3p551-577.html
   My bibliography  Save this article

Military Expenditures and Profit Rates: Evidence from OECD Countries

Author

Listed:
  • Adem Y. Elveren
  • Sara Hsu

Abstract

No abstract is available for this item.

Suggested Citation

  • 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
    as

    Download full text from publisher

    File URL: http://hdl.handle.net/10.1111/meca.12111
    Download Restriction: Access to full text is restricted to subscribers.

    As the access to this document is restricted, you may want to search for a different version of it.

    References listed on IDEAS

    as
    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.
    5. Edward F. Blackburne III & Mark W. Frank, 2007. "Estimation of nonstationary heterogeneous panels," Stata Journal, StataCorp LP, vol. 7(2), pages 197-208, June.
    6. M. Hashem Pesaran, 2007. "A simple panel unit root test in the presence of cross-section dependence," Journal of Applied Econometrics, John Wiley & Sons, Ltd., vol. 22(2), pages 265-312.
    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.
    11. Deepankar Basu & Ramaa Vasudevan, 2013. "Technology, distribution and the rate of profit in the US economy: understanding the current crisis," Cambridge Journal of Economics, Oxford University Press, vol. 37(1), pages 57-89.
    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.
    20. Smith, R P, 1977. "Military Expenditure and Capitalism," Cambridge Journal of Economics, Oxford University Press, vol. 1(1), pages 61-76, March.
    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.
    23. Johansen, Soren, 1995. "Likelihood-Based Inference in Cointegrated Vector Autoregressive Models," OUP Catalogue, Oxford University Press, number 9780198774501.
    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.
    26. Kiviet, Jan F., 1995. "On bias, inconsistency, and efficiency of various estimators in dynamic panel data models," Journal of Econometrics, Elsevier, vol. 68(1), pages 53-78, July.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    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.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:bla:metroe:v:67:y:2016:i:3:p:551-577. See general information about how to correct material in RePEc.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Wiley Content Delivery). General contact details of provider: http://www.blackwellpublishing.com/journal.asp?ref=0026-1386 .

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service hosted by the Research Division of the Federal Reserve Bank of St. Louis . RePEc uses bibliographic data supplied by the respective publishers.