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Military Expenditure and Economic Growth Literature: A Meta-Analysis

Author

Listed:
  • Aynur Alptekin

    (University of Surrey)

  • Paul Levine

    (University of Surrey)

Abstract

This paper surveys the literature on military expenditure and economic growth us- ing a meta-analysis technique. There exists a vast empirical literature that examines the impact of military expenditure on economic growth. The outcomes of these studies have yielded controversial results. Therefore, a meta-analysis is conducted to review 25 empirical studies with 140 estimations. The result indicates that the net combined effect of military expenditure on economic growth is positive but the magnitude is very small.

Suggested Citation

  • Aynur Alptekin & Paul Levine, 2009. "Military Expenditure and Economic Growth Literature: A Meta-Analysis," School of Economics Discussion Papers 0209, School of Economics, University of Surrey.
    • Handle: RePEc:sur:surrec:0209
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    File URL: https://repec.som.surrey.ac.uk/2009/DP02-09.pdf
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    References listed on IDEAS

    as
    1. Kwabena Gyimah-Brempong, 1989. "Defense Spending and Economic Growth in Subsaharan Africa: An Econometric Investigation," Journal of Peace Research, Peace Research Institute Oslo, vol. 26(1), pages 79-90, February.
    2. Laura de Dominicis & Henri L.F. de Groot & Raymond J.G.M. Florax, 2006. "Growth and Inequality: A Meta-Analysis," Tinbergen Institute Discussion Papers 06-064/3, Tinbergen Institute.
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    Cited by:

    1. d'Agostino, G. & Dunne, J.P. & Pieroni, L., 2011. "Optimal military spending in the US: A time series analysis," Economic Modelling, Elsevier, vol. 28(3), pages 1068-1077, May.

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    More about this item

    Keywords

    military expenditure; economic growth; meta analysis;
    All these keywords.

    JEL classification:

    • C42 - Mathematical and Quantitative Methods - - Econometric and Statistical Methods: Special Topics - - - Survey Methods
    • H5 - Public Economics - - National Government Expenditures and Related Policies
    • O11 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Macroeconomic Analyses of Economic Development

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