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Military Expenditure and Economic Development: An Endogenous Growth Perspective

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  • Berthelemy, Jean-Claude
  • Herrera, Remy
  • Sen, Somnath

Abstract

This paper attempts to analyse the interrelationships between government and military expenditure and economic growth in particular, and between security and development in general, in a new framework. It has three novel features. First, the impact of military spending (as well as any other government spending which has similar externalities) is studied in an endogenous growth framework unlike most of the previous research in the field Second, growth, welfare and security effects are studied simultaneously. Third, simulation studies are made for specific countries to capture long-term steady state effects which are difficult to analyze in longitudinal case studies. Copyright 1995 by Kluwer Academic Publishers

Suggested Citation

  • 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.
    • Handle: RePEc:kap:ecopln:v:28:y:1995:i:2-3:p:205-33
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    Cited by:

    1. Peter Nijkamp & Jacques Poot, Victoria, 2002. "Meta-Analysis of the Impact of Fiscal Policies on Long-Run Growth," Tinbergen Institute Discussion Papers 02-028/3, Tinbergen Institute, revised 23 Apr 2003.
    2. Levine, Paul & Smith, Ron, 1997. "The arms trade and the stability of regional arms races," Journal of Economic Dynamics and Control, Elsevier, vol. 21(2-3), pages 631-654.
    3. Fanny Coulomb & Keith Hartley & Michael Intriligator, 2008. "Pacifism in Economic Analysis," Post-Print hal-02051640, HAL.
    4. Garfinkel, Michelle R. & Skaperdas, Stergios (ed.), 2012. "The Oxford Handbook of the Economics of Peace and Conflict," OUP Catalogue, Oxford University Press, number 9780195392777.
    5. Hee-Won Yang & Chan-Young Hong & Seong-Mun Jeong & Jeong-Dong Lee, 2012. "The military Expenditure and Economic Growth in the case of the South Korea : The dynamic Computational Equilibrium model in an Endogeneous Growth Perspective," EcoMod2012 4264, EcoMod.
    6. W. Robert Reed & Nurul Sidek, 2013. "A Replication of "Meta-Analysis of the Effect of Fiscal Policies on Long-Run Growth" (European Journal of Political Economy, 2004)," Working Papers in Economics 13/33, University of Canterbury, Department of Economics and Finance.
    7. Yang, Heewon & Hong, Chanyoung & Jung, Sungmoon & Lee, Jeong-Dong, 2015. "Arms or butter: The economic effect of an increase in military expenditure," Journal of Policy Modeling, Elsevier, vol. 37(4), pages 596-615.
    8. S. Mansoob Murshed & Muhammad Saleh, 2013. "Human Capital Accumulation in Pakistan in the Light of Debt, Military Expenditure and Politics," Journal of Human Development and Capabilities, Taylor & Francis Journals, vol. 14(4), pages 520-558, November.
    9. Poot, Jacques, 1999. "A meta-analytic study of the role of government in long-run economic growth," ERSA conference papers ersa99pa171, European Regional Science Association.
    10. Nijkamp, Peter & Poot, Jacques, 2004. "Meta-analysis of the effect of fiscal policies on long-run growth," European Journal of Political Economy, Elsevier, vol. 20(1), pages 91-124, March.

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