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The incidence of public expenditure for defense and security on Colombian economic growth 1970-2003

Author

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  • Alexander Cotte Poveda
  • Maria Fernanda Mera González

Abstract

The aim of this work was to analyze the major effects of public military forces expenditure on Colombia economic growth during 1970-2003 span period. Time series methodology was used for economic data, allowing for determining the several different coefficients and final contribution to capital product, employment, defense expenditure (DE), security expenditure (SE) and public forces expenditure (PFE). It was found empirical evidence documenting that there is no positive and systematic relation between economic growth and the allocation of military expenditure. The authors draw the conclusion, specifically for Colombia, that allocation of defense and security resources put a curb on economic growth and explain increased (PFE) results in a negative effect on social expenditure.

Suggested Citation

  • Alexander Cotte Poveda & Maria Fernanda Mera González, 2005. "The incidence of public expenditure for defense and security on Colombian economic growth 1970-2003," Serie de Documentos en Economía y Violencia 3604, Centro de Investigaciones en Violencia, Instituciones y Desarrollo Económico (VIDE).
    • Handle: RePEc:col:000137:003604
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    More about this item

    Keywords

    Growth;

    JEL classification:

    • C2 - Mathematical and Quantitative Methods - - Single Equation Models; Single Variables

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