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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
    DOI: 10.1177/0022002783027002006
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    References listed on IDEAS

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    1. Smith, Ron P, 1978. "Military Expenditure and Capitalism: A Reply," Cambridge Journal of Economics, Cambridge Political Economy Society, vol. 2(3), pages 299-304, September.
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    5. Smith, R P, 1977. "Military Expenditure and Capitalism," Cambridge Journal of Economics, Cambridge Political Economy Society, vol. 1(1), pages 61-76, March.
    6. Kravis, Irving B & Heston, Alan W & Summers, Robert, 1978. "Real GDP per Capita for More Than One Hundred Countries," Economic Journal, Royal Economic Society, vol. 88(350), pages 215-242, June.
    7. Weisskopf, Thomas E., 1972. "The impact of foreign capital inflow on domestic savings in underdeveloped countries," Journal of International Economics, Elsevier, vol. 2(1), pages 25-38, February.
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