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The Role of Defence Expenditure in the Greek Crisis

Author

Listed:
  • Dimitrios N. Koumparoulis

    (Monarch Business School, Switzerland)

Abstract

The recent Greek economic crisis calls for severe spending cuts with defence expenditure reduction being a primary target for both the local authorities and the IMF/ECB/EC. The aim of this paper is to show that the results of such a policy recipe may not be as fruitful as policymakers want the taxpayers to believe for a variety of reasons. On the contary it can be shown that defence expenditure can contribute to the growth of the Greek economy under certain conditions.

Suggested Citation

  • Dimitrios N. Koumparoulis, 2011. "The Role of Defence Expenditure in the Greek Crisis," Annals of the University of Petrosani, Economics, University of Petrosani, Romania, vol. 11(2), pages 155-166.
    • Handle: RePEc:pet:annals:v:11:y:2011:i:2:p:155-166
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    More about this item

    Keywords

    defence expenditure; debt;

    JEL classification:

    • E65 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - Studies of Particular Policy Episodes

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