Anticipated foreign military threat, arms accumulation, and the current account in a small open economy
Author
Abstract
Suggested Citation
Download full text from publisher
As the access to this document is restricted, you may want to search for a different version of it.
References listed on IDEAS
- Mankiw, N Gregory, 1987.
"Government Purchases and Real Interest Rates,"
Journal of Political Economy, University of Chicago Press, vol. 95(2), pages 407-419, April.
- N. Gregory Mankiw, 1986. "Government Purchases and Real Interest Rates," NBER Working Papers 2009, National Bureau of Economic Research, Inc.
- Mankiw, N, 1987. "Government Purchases and Real Interest Rates," Scholarly Articles 2624457, Harvard University Department of Economics.
- Stephen J. Turnovsky, 1997. "International Macroeconomic Dynamics," MIT Press Books, The MIT Press, edition 1, volume 1, number 0262201119, April.
- Maurice Obstfeld, 1982.
"Aggregate Spending and the Terms of Trade: Is There a Laursen-Metzler Effect?,"
The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 97(2), pages 251-270.
- Maurice Obstfeld, 1981. "Aggregate Spending and the Terms of Trade: Is There a Laursen-Metzler Effect?," NBER Working Papers 0686, National Bureau of Economic Research, Inc.
- Philip L. Brock, 1996. "International Transfers, the Relative Price on Non-Traded Goods, and the Current Account," Canadian Journal of Economics, Canadian Economics Association, vol. 29(1), pages 163-180, February.
- Deger, Saadet & Sen, Somnath, 1995. "Military expenditure and developing countries," Handbook of Defense Economics, in: Keith Hartley & Todd Sandler (ed.), Handbook of Defense Economics, edition 1, volume 1, chapter 11, pages 275-307, Elsevier.
- Heng-Fu Zou, 1997.
"Dynamic analysis in the Viner model of mercantilism,"
Journal of International Money and Finance, Elsevier, vol. 16(4), pages 637-651, August.
- Heng-fu Zou, 1997. "Dynamic analysis in the Viner model of mercantilism," CEMA Working Papers 100, China Economics and Management Academy, Central University of Finance and Economics.
- Deger, Saadet & Sen, Somnath, 1983. "Military expenditure, spin-off and economic development," Journal of Development Economics, Elsevier, vol. 13(1-2), pages 67-83.
- Turnovsky, Stephen J., 1985.
"Domestic and foreign disturbances in an optimizing model of exchange-rate determination,"
Journal of International Money and Finance, Elsevier, vol. 4(1), pages 151-171, March.
- Stephen J. Turnovsky, 1984. "Domestic and Foreign Disturbances in an Optimizing Model of Exchange- Rate Determination," NBER Working Papers 1407, National Bureau of Economic Research, Inc.
- Turnovsky, Stephen J & Sen, Partha, 1991.
"Fiscal Policy, Capital Accumulation, and Debt in an Open Economy,"
Oxford Economic Papers, Oxford University Press, vol. 43(1), pages 1-24, January.
- Turnovsky, S.J. & Sen, P., 1990. "Fiscal Policy, Capital Accumulation, And Debt In An Open Economy," Working Papers 90-18, University of Washington, Department of Economics.
- Turnovsky, S.J. & Sen, P., 1990. "Fiscal Policy, Capital Accumulation, And Debt In An Open Economy," Discussion Papers in Economics at the University of Washington 90-18, Department of Economics at the University of Washington.
- Stephen J. Turnovsky & Partha Sen, 1990. "Fiscal Policy, Capital Accumulation, and Debt in an Open Economy," NBER Working Papers 3489, National Bureau of Economic Research, Inc.
- Sargent, Thomas J & Wallace, Neil, 1973. "The Stability of Models of Money and Growth with Perfect Foresight," Econometrica, Econometric Society, vol. 41(6), pages 1043-1048, November.
- Deger, Saadet & Sen, Somnath, 1984. "Optimal control and differential game models of military expenditure in less developed countries," Journal of Economic Dynamics and Control, Elsevier, vol. 7(2), pages 153-169, May.
- Obstfeld, Maurice, 1983.
"Intertemporal price speculation and the optimal current-account deficit,"
Journal of International Money and Finance, Elsevier, vol. 2(2), pages 135-145, August.
- Maurice Obstfeld, 1983. "Intertemporal Price Speculation and the Optimal Current-Account Deficit," NBER Working Papers 1100, National Bureau of Economic Research, Inc.
- van der Ploeg, F & de Zeeuw, A J, 1990.
"Perfect Equilibrium in a Model of Competitive Arms Accumulation,"
International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association, vol. 31(1), pages 131-146, February.
- van der Ploeg, F. & de Zeeuw, A.J., 1987. "Perfect equilibrium in a model of competitive arms accumulation," Other publications TiSEM 6a60ef8b-7c1f-46b4-b861-d, Tilburg University, School of Economics and Management.
- van der Ploeg, F. & de Zeeuw, A.J., 1988. "Perfect equilibrium in a model of competitive arms accumulation," Other publications TiSEM b04300ed-fa0f-4797-b2f6-9, Tilburg University, School of Economics and Management.
- van der Ploeg, F. & de Zeeuw, A.J., 1988. "Perfect equilibrium in a model of competitive arms accumulation," Discussion Paper 1988-4, Tilburg University, Center for Economic Research.
- van der Ploeg, F. & de Zeeuw, A.J., 1990. "Perfect equilibrium in a model of competitive arms accumulation," Other publications TiSEM b195a64c-82c4-4934-b61a-3, Tilburg University, School of Economics and Management.
- van der Ploeg, F. & de Zeeuw, A.J., 1987. "Perfect equilibrium in a model of competitive arms accumulation," Research Memorandum FEW 266, Tilburg University, School of Economics and Management.
- Zou, Heng-fu, 1995.
"A dynamic model of capital and arms accumulation,"
Journal of Economic Dynamics and Control, Elsevier, vol. 19(1-2), pages 371-393.
- Heng-fu Zou, 1995. "A dynamic model of capital and arms accumulation," CEMA Working Papers 80, China Economics and Management Academy, Central University of Finance and Economics.
- M. Simaan & J. B. Cruz, 1975. "Formulation of Richardson's Model of Arms Race from a Differential Game Viewpoint," The Review of Economic Studies, Review of Economic Studies Ltd, vol. 42(1), pages 67-77.
- Obstfeld, Maurice, 1989.
"Fiscal deficits and relative prices in a growing world economy,"
Journal of Monetary Economics, Elsevier, vol. 23(3), pages 461-484, May.
- Maurice Obstfeld, 1988. "Fiscal Deficits and Relative Prices in a Growing World Economy," NBER Working Papers 2725, National Bureau of Economic Research, Inc.
- Turnovsky, Stephen J., 1987.
"Optimal monetary growth with accommodating fiscal policy in a small open economy,"
Journal of International Money and Finance, Elsevier, vol. 6(2), pages 179-193, June.
- Stephen J. Turnovsky, 1986. "Optimal Monetary Growth with Accomodating Fiscal Policy in a Small Open Economy," NBER Working Papers 2084, National Bureau of Economic Research, Inc.
- Brzoska, Michael, 1995. "World military expenditures," Handbook of Defense Economics, in: Keith Hartley & Todd Sandler (ed.), Handbook of Defense Economics, edition 1, volume 1, chapter 3, pages 45-67, Elsevier.
- Fisher, Walter H., 1995. "An optimizing analysis of the effects of world interest disturbances on the open economy term structure of interest rates," Journal of International Money and Finance, Elsevier, vol. 14(1), pages 105-126, February.
- Sen, Partha & Turnovsky, Stephen J., 1989.
"Deterioration of the terms of trade and capital accumulation: A re-examination of the Laursen-Metzler effect,"
Journal of International Economics, Elsevier, vol. 26(3-4), pages 227-250, May.
- Turnovsky, S. & Sen, P., 1988. "Deterioration Of The Term Of Trade And Capital Eccumulation A Reexamination Of The Laursen-Metzler Effect," Working Papers 88-08, University of Washington, Department of Economics.
- Partha Sen & Stephen J. Turnovsky, 1988. "Deterioration of the Terms of Trade and Capital Accumulation: A Reexamination of the Laursen-Metzler Effect," NBER Working Papers 2616, National Bureau of Economic Research, Inc.
- Turnovsky, S. & Sen, P., 1988. "Deterioration Of The Term Of Trade And Capital Eccumulation A Reexamination Of The Laursen-Metzler Effect," Discussion Papers in Economics at the University of Washington 88-08, Department of Economics at the University of Washington.
- Pitchford, J. D., 1989. "Optimum borrowing and the current account when there are fluctuations in income," Journal of International Economics, Elsevier, vol. 26(3-4), pages 345-358, May.
- Sen, Partha, 1991. "Imported input price and the current account in an optimizing model without capital mobility," Journal of Economic Dynamics and Control, Elsevier, vol. 15(1), pages 91-101.
- Calvo, Guillermo A., 1985. "Currency substitution and the real exchange rate: the utility maximization approach," Journal of International Money and Finance, Elsevier, vol. 4(2), pages 175-188, June.
Citations
Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
Cited by:
- Angus C. Chu & Ching-Chong Lai, 2012.
"On the Growth and Welfare Effects of Defense R&D,"
Journal of Public Economic Theory, Association for Public Economic Theory, vol. 14(3), pages 473-492, June.
- Angus C. Chu & Ching-Chong Lai, 2009. "On the Growth and Welfare Effects of Defense R&D," IEAS Working Paper : academic research 09-A008, Institute of Economics, Academia Sinica, Taipei, Taiwan, revised Dec 2009.
- Chu, Angus C. & Lai, Ching-Chong, 2009. "Defense R&D: Effects on Economic Growth and Social Welfare," MPRA Paper 16325, University Library of Munich, Germany.
- Wen-Ya Chang & Hsueh-Fang Tsai, 2006. "Devaluation, Capital Formation, and the Current Account," Open Economies Review, Springer, vol. 17(3), pages 341-357, July.
- Cheng-Te Lee, 2007. "A New Explanation of Arms Races in the Third World: A Differential Game Model," Journal of Economics and Management, College of Business, Feng Chia University, Taiwan, vol. 3(2), pages 161-176, July.
Most related items
These are the items that most often cite the same works as this one and are cited by the same works as this one.- Gong, Liutang & Zou, Heng-fu, 2003.
"Military spending and stochastic growth,"
Journal of Economic Dynamics and Control, Elsevier, vol. 28(1), pages 153-170, October.
- Liutang Gong & Heng-fu Zou, 2001. "Military spending and stochastic growth," CEMA Working Papers 57, China Economics and Management Academy, Central University of Finance and Economics.
- Jhy-Yuan Shieh & Wen-Ya Chang & Ching-Chong Lai, 2007. "An Endogenous Growth Model Of Capital And Arms Accumulation," Defence and Peace Economics, Taylor & Francis Journals, vol. 18(6), pages 557-575.
- CARDI, Oliver & BERTINELLI, Luisito, 2004. "A formal model of krugman’s intuition on the J-curve," LIDAM Discussion Papers CORE 2004043, Université catholique de Louvain, Center for Operations Research and Econometrics (CORE).
- Cheng-Te Lee, 2007. "A New Explanation of Arms Races in the Third World: A Differential Game Model," Journal of Economics and Management, College of Business, Feng Chia University, Taiwan, vol. 3(2), pages 161-176, July.
- Shieh, Jhy-yuan & Lai, Ching-chong & Chang, Wen-ya, 2002. "The impact of military burden on long-run growth and welfare," Journal of Development Economics, Elsevier, vol. 68(2), pages 443-454, August.
- Zou, Heng-fu, 1995.
"A dynamic model of capital and arms accumulation,"
Journal of Economic Dynamics and Control, Elsevier, vol. 19(1-2), pages 371-393.
- Heng-fu Zou, 1995. "A dynamic model of capital and arms accumulation," CEMA Working Papers 80, China Economics and Management Academy, Central University of Finance and Economics.
- Fisher, Walter H. & Hof, Franz X., 2005.
"Status seeking in the small open economy,"
Journal of Macroeconomics, Elsevier, vol. 27(2), pages 209-232, June.
- Fisher, Walter H. & Hof, Franz X., 2001. "Status Seeking in the Small Open Economy," Economics Series 106, Institute for Advanced Studies.
- Olivier Cardi, 2007.
"The Zero‐root Property: Permanent vs Temporary Terms‐of‐trade Shocks,"
Review of International Economics, Wiley Blackwell, vol. 15(4), pages 782-802, September.
- Olivier, CARDI, 2005. "The Zero-Root Property : Permanent vs Temporary Terms of Trade Shocks," Discussion Papers (ECON - Département des Sciences Economiques) 2005030, Université catholique de Louvain, Département des Sciences Economiques.
- Schubert, Stefan F., 2014.
"Dynamic Effects Of Oil Price Shocks And Their Impact On The Current Account,"
Macroeconomic Dynamics, Cambridge University Press, vol. 18(2), pages 316-337, March.
- Schubert, Stefan Franz, 2009. "Dynamic Effects of Oil Price Shocks and their Impact on the Current Account," MPRA Paper 16738, University Library of Munich, Germany.
- Shin-Chyang Lee & Cheng-Te Lee & Shang-Fen Wu, 2016. "Military spending and growth: a small open economy stochastic growth model," Defence and Peace Economics, Taylor & Francis Journals, vol. 27(1), pages 105-116, February.
- Deng-Shan Wang & Yan Wang & Yifang Liu & Heng-fu Zou, 2009. "Optimal Military Spending, Trade and Stochastic Economic Growth," CEMA Working Papers 373, China Economics and Management Academy, Central University of Finance and Economics.
- Chang, Wen-ya & Tsai, Hsueh-fang & Lai, Ching-chong, 2006. "Effects of an anticipated expansion in international public goods on public capital accumulation," Journal of Economic Dynamics and Control, Elsevier, vol. 30(12), pages 2859-2874, December.
- Alberto Petrucci, 2004. "Asset Accumulation, Fertility Choice and Nondegenerate Dynamics in a Small Open Economy," Working Papers 2004.121, Fondazione Eni Enrico Mattei.
- Heng-Fu Zou, 1997.
"Dynamic analysis in the Viner model of mercantilism,"
Journal of International Money and Finance, Elsevier, vol. 16(4), pages 637-651, August.
- Heng-fu Zou, 1997. "Dynamic analysis in the Viner model of mercantilism," CEMA Working Papers 100, China Economics and Management Academy, Central University of Finance and Economics.
- Schubert Stefan F. & Turnovsky Stephen J., 2006.
"Anticipated Fiscal Policy Changes and Goods Market Adjustments,"
German Economic Review, De Gruyter, vol. 7(2), pages 135-161, May.
- Stefan F. Schubert & Stephen J. Turnovsky, 2006. "Anticipated Fiscal Policy Changes and Goods Market Adjustments," German Economic Review, Verein für Socialpolitik, vol. 7(2), pages 135-161, May.
- Walter H. Fisher, 2004.
"Status Preference, Wealth and Dynamics in the Open Economy,"
German Economic Review, Verein für Socialpolitik, vol. 5(3), pages 335-355, August.
- Fisher Walter H., 2004. "Status Preference, Wealth and Dynamics in the Open Economy," German Economic Review, De Gruyter, vol. 5(3), pages 335-355, August.
- Fisher, Walter H., 2001. "Status Preference, Wealth, and Dynamics in the Open Economy," Economics Series 99, Institute for Advanced Studies.
- Coto-Martinez, Javier & Dixon, Huw, 2003.
"Profits, markups and entry: fiscal policy in an open economy,"
Journal of Economic Dynamics and Control, Elsevier, vol. 27(4), pages 573-597, February.
- Javier Coto-Martínez & Huw D. Dixon, 2001. "Profits, Markups and Entry: Fiscal Policy in an Open Economy," CESifo Working Paper Series 550, CESifo.
- Po‐Sheng Lin & Cheng‐Te Lee, 2012. "Military Spending, Threats And Stochastic Growth," Bulletin of Economic Research, Wiley Blackwell, vol. 64(1), pages 8-19, January.
- Chang Wen-ya & Tsai Hsueh-fang & Chang Juin-jen & Lin Hsieh-yu, 2018. "Interest rate rules and equilibrium (in)determinacy in a small open economy: the role of internationally traded capital," The B.E. Journal of Macroeconomics, De Gruyter, vol. 18(2), pages 1-18, June.
- Gonzalo F-de-Córdoba & José L. Torres, 2016. "National security, military spending and the business cycle," Defence and Peace Economics, Taylor & Francis Journals, vol. 27(4), pages 549-570, August.
Corrections
All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:eee:jimfin:v:21:y:2002:i:7:p:1035-1052. See general information about how to correct material in RePEc.
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Catherine Liu (email available below). General contact details of provider: http://www.elsevier.com/locate/inca/30443 .
Please note that corrections may take a couple of weeks to filter through the various RePEc services.