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Military Expenditure and Growth in Less Developed Countries

Author

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  • Saadet Deger
  • Ron Smith

    (Department of Economics, Birkbeck College, London University)

Abstract

This article analyzes the relationship between military expenditure and economic growth in less developed countries using cross-sectional evidence in a macrostatistical framework. Within the context of a fully specified empirical model it is found that military expenditure has a negative effect on growth and thus retards development. Specification sensitivity analysis is conducted to show that the results are robust.

Suggested Citation

  • Saadet Deger & Ron Smith, 1983. "Military Expenditure and Growth in Less Developed Countries," Journal of Conflict Resolution, Peace Science Society (International), vol. 27(2), pages 335-353, June.
  • Handle: RePEc:sae:jocore:v:27:y:1983:i:2:p:335-353
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