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Study on the Influence of Economic and Social Factors on the Financing of National Defense

Author

Listed:
  • Alin HuseraÈ™

    (Lucian Blaga†University of Sibiu)

  • Nicolae BalteÈ™

    (Lucian Blaga†University of Sibiu)

  • Ștefania Amalia Jimon

    („Vasile Goldiș†Western University of Arad)

Abstract

In the Romanian literature and current research, the financing of national defense is a less debated topic. Most studies are conducted mainly for developed countries, which also have the most advanced military systems and focus only on the correlation between military spending and the economy. The objective of the paper is to investigate the correlation between the evolution of military spending in Romania during 1919-2012 on the one hand, and economic, political and social factors, on the other. The empirical study performed used the linear regression model, estimated by the least squares method (OLS), using the statistical software EViews 10. The results of the study showed that the level of financial allocations to the defense budget were largely influenced by the level of economic and social development of Romania during the research period as well as by the options of political decisions.

Suggested Citation

  • Alin HuseraÈ™ & Nicolae BalteÈ™ & Ștefania Amalia Jimon, 2020. "Study on the Influence of Economic and Social Factors on the Financing of National Defense," Ovidius University Annals, Economic Sciences Series, Ovidius University of Constantza, Faculty of Economic Sciences, vol. 0(2), pages 939-947, December.
    • Handle: RePEc:ovi:oviste:v:xx:y:2020:i:2:p:939-947
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    References listed on IDEAS

    as
    1. Daron Acemoglu & Davide Ticchi & Andrea Vindigni, 2010. "A Theory of Military Dictatorships," American Economic Journal: Macroeconomics, American Economic Association, vol. 2(1), pages 1-42, January.
    2. Ran Tao & Oana Ramona Glonț & Zheng-Zheng Li & Oana Ramona Lobonț & Adina Alexandra Guzun, 2020. "New Evidence for Romania Regarding Dynamic Causality between Military Expenditure and Sustainable Economic Growth," Sustainability, MDPI, vol. 12(12), pages 1-13, June.
    3. Chang, Hsin-Chen & Huang, Bwo-Nung & Yang, Chin Wei, 2011. "Military expenditure and economic growth across different groups: A dynamic panel Granger-causality approach," Economic Modelling, Elsevier, vol. 28(6), pages 2416-2423.
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    More about this item

    Keywords

    national material capabilities; military spending; regime type; economic growth;
    All these keywords.

    JEL classification:

    • H11 - Public Economics - - Structure and Scope of Government - - - Structure and Scope of Government
    • H50 - Public Economics - - National Government Expenditures and Related Policies - - - General
    • H53 - Public Economics - - National Government Expenditures and Related Policies - - - Government Expenditures and Welfare Programs
    • H56 - Public Economics - - National Government Expenditures and Related Policies - - - National Security and War

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