Political Decisions, Defense And Growth
Considering the importance of military expenditures on political and economical success of a government, this empirical study analyzes the relations between political stability, economic growth and military expenditures. Based on the theoretical model developed by Blomberg (1996), the vector autoregression analyzes results for a democratic country and indicates the significance of military expenditures on political stability and private sector investment decisions.
Volume (Year): 19 (2008)
Issue (Month): 1 ()
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0306, Department of Accounting, Economics and Finance, Bristol Business School, University of the West of England, Bristol.
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