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Military Expenditure and Economic Growth: A Meta-Analysis

  • Alptekin, Aynur
  • Levine, Paul

Meta analysis is conducted to review 32 empirical studies with 169 estimates to find the combined overall effect of military expenditure on economic growth. Using a meta fixed and random effects and regression analysis, our results show that there exists a "genuine" net effect of military expenditure on economic growth. The net combined effect is positive, and the magnitude is very small. The main sources of study-to-study variation in the findings of military expenditure and economic growth literature are attributable to the sample, time periods, and functional forms.

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Paper provided by University Library of Munich, Germany in its series MPRA Paper with number 28853.

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Date of creation: Oct 2010
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Handle: RePEc:pra:mprapa:28853
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