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Defense Expenditures and GDP Growth Rates in the World: Determinants and Interrelationships

Author

Listed:
  • Dmitry Alexandrovich REPNIKOV

    (Moscow State Technical University. N.E. Bauman, Moscow, Russia)

Abstract

This study is devoted to assessing the relationship between the dynamics of defense spending in countries around the world with their economic growth, while this problem is becoming more relevant as geopolitical conflicts intensify in the modern world. This article assesses the key channels of influence of defense spending on the development of individual national economies, shows the main structural and dynamic changes in defense spending in an unstable geopolitical situation, and also demonstrates aspects of increasing defense spending in the context of the economic problems that developed countries face at the present stage. countries.

Suggested Citation

  • Dmitry Alexandrovich REPNIKOV, 2024. "Defense Expenditures and GDP Growth Rates in the World: Determinants and Interrelationships," Russian Foreign Economic Journal, Russian Foreign Trade Academy Ministry of economic development of the Russian Federation, issue 5, pages 48-58, May.
    • Handle: RePEc:alq:rufejo:rfej_2024_05_48-58
    DOI: 10.24412/2072-8042-2024-5-48-58
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    References listed on IDEAS

    as
    1. Florian Dorn & Niklas Potrafke & Marcel Schlepper, 2024. "European Defence Spending in 2024 and Beyond: How to Provide Security in an Economically Challenging Environment," EconPol Policy Reports 45, ifo Institute - Leibniz Institute for Economic Research at the University of Munich.
    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    defense spending; economic growth; international trade; military-industrial complex; gross domestic product; geopolitical conflict;
    All these keywords.

    JEL classification:

    • F13 - International Economics - - Trade - - - Trade Policy; International Trade Organizations

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