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Defense Expenditures, Economic Growth, and the “Peace Dividend”

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  • Mintz, Alex
  • Huang, Chi

Abstract

Recent developments in Eastern Europe have created expectations of a “peace dividend” associated with reduced levels of U.S. defense expenditures. We present and empirically estimate a two-equation model for assessing the direct and indirect, immediate and delayed effects of changes in defense spending on economic growth in the United States.

Suggested Citation

  • Mintz, Alex & Huang, Chi, 1990. "Defense Expenditures, Economic Growth, and the “Peace Dividend”," American Political Science Review, Cambridge University Press, vol. 84(4), pages 1283-1293, December.
    • Handle: RePEc:cup:apsrev:v:84:y:1990:i:04:p:1283-1293_21
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