The military Expenditure and Economic Growth in the case of the South Korea : The dynamic Computational Equilibrium model in an Endogeneous Growth Perspective
This paper analyses the effect of military expenditure on economic growth. With various channels through which military expenditure may influence economic growth, much of the defense economics literature has found inconsistent results. This study is based on the national defense expense for the South Korea, the base year of 2009 is chosen. The effects of the military expenditure are examined in the endogeneous growth perspective. We also employ the dynamic Computational General Equilibrium in order to measure the aggregate effect, considering the channels of the positive or negative effect and the reaction of individual industries and economic agents which it follow in change of military expenditure. The positive or negative effects of military expenditure on industry varies over sectors. GDP growth is affected by military spending. We examine the change of GDP growth in case of increase(or decrease) of military spending. But welfare level including nation’s security Index may improve or be decreased.
|Date of creation:||01 Jul 2012|
|Contact details of provider:|| Postal: 351 Pleasant Street, #357, Northampton MA 01060-3900 USA|
Phone: +1 413 586 3203
Fax: +1 413 517 0900
Web page: http://www.ecomod.net
More information through EDIRC
References listed on IDEAS
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Uk Heo, 1999. "Defense Spending and Economic Growth in South Korea: The Indirect Link," Journal of Peace Research, Peace Research Institute Oslo, vol. 36(6), pages 699-708, November.
- Joshua Aizenman & Reuven Glick, 2006.
"Military expenditure, threats, and growth,"
The Journal of International Trade & Economic Development,
Taylor & Francis Journals, vol. 15(2), pages 129-155.
- Joshua Aizenman & Reuven Glick, 2003. "Military expenditure, threats, and growth," Working Paper Series 2003-08, Federal Reserve Bank of San Francisco.
- Joshua Aizenman & Reuven Glick, 2003. "Military Expenditure, Threats, and Growth," NBER Working Papers 9618, National Bureau of Economic Research, Inc.
- Aizenman, Joshua & Glick, Reuven, 2003. "Military Expenditure, Threats, and Growth," Santa Cruz Department of Economics, Working Paper Series qt41r4105h, Department of Economics, UC Santa Cruz.
- Aizenman, Joshua & Glick, Reuven, 2003. "Military Expenditure, Threats, and Growth," Santa Cruz Center for International Economics, Working Paper Series qt41r4105h, Center for International Economics, UC Santa Cruz.
- Deger, Saadet, 1986. "Economic Development and Defense Expenditure," Economic Development and Cultural Change, University of Chicago Press, vol. 35(1), pages 179-196, October.
- Romer, Paul M., 1990. "Human capital and growth: Theory and evidence," Carnegie-Rochester Conference Series on Public Policy, Elsevier, vol. 32(1), pages 251-286, January.
- Paul M. Romer, 1989. "Human Capital And Growth: Theory and Evidence," NBER Working Papers 3173, National Bureau of Economic Research, Inc.
- Mello, Marcelo, 2008. "Skilled labor, unskilled labor, and economic growth," Economics Letters, Elsevier, vol. 100(3), pages 428-431, September.
- Durmus Ozdemir & Ali Bayar, 2009. "The Peace Dividend Effect Of Turkish Convergence To The Eu: A Multi-Region Dynamic Cge Model Analysis For Greece And Turkey," Defence and Peace Economics, Taylor & Francis Journals, vol. 20(1), pages 69-78.
- Thompson, Earl A, 1974. "Taxation and National Defense," Journal of Political Economy, University of Chicago Press, vol. 82(4), pages 755-782, July/Aug..
- J. Paul Dunne & Ron Smith & Dirk Willenbockel, 2005. "Models Of Military Expenditure And Growth: A Critical Review," Defence and Peace Economics, Taylor & Francis Journals, vol. 16(6), pages 449-461.
- J Paul Dunne & Ron Smith & Dirk Willenbockel, 2004. "Models of Military Expenditure and Growth: A Critical Review," Working Papers 0408, Department of Accounting, Economics and Finance, Bristol Business School, University of the West of England, Bristol.
- Emmanuel Athanassiou & Christos Kollias & Stavros Zografakis, 2002. "The Effects of Defence Spending Reductions: A CGE Estimation of the Foregone Peace Dividend in the Case of Greece," Defence and Peace Economics, Taylor & Francis Journals, vol. 13(2), pages 109-119.
- Pavel Yakovlev, 2007. "Arms Trade, Military Spending, And Economic Growth," Defence and Peace Economics, Taylor & Francis Journals, vol. 18(4), pages 317-338.
- Berthelemy, Jean-Claude & Herrera, Remy & Sen, Somnath, 1995. "Military Expenditure and Economic Development: An Endogenous Growth Perspective," Economic Change and Restructuring, Springer, vol. 28(2-3), pages 205-233.
- Collins, Susan M, 1990. "Lessons from Korean Economic Growth," American Economic Review, American Economic Association, vol. 80(2), pages 104-107, May. Full references (including those not matched with items on IDEAS)
When requesting a correction, please mention this item's handle: RePEc:ekd:002672:4264. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Theresa Leary)
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If references are entirely missing, you can add them using this form.
If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.
Please note that corrections may take a couple of weeks to filter through the various RePEc services.