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Cyclical Properties of Spanish Defence Expenditure

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Listed:
  • Claudia P�rez-Forni�s
  • Noelia C�mara
  • Maria Dolores Gadea

Abstract

The propensity of cutting some government spending during the crisis time generates the incentive for some policy-makers and governments to modify certain expenses irrespective to output variations. The goal of this paper is to analyse the cyclical properties of defence expenditure in Spain (1978--2009) and to characterize the consequences of economic and political cycles on this public spending.

Suggested Citation

  • Claudia P�rez-Forni�s & Noelia C�mara & Maria Dolores Gadea, 2014. "Cyclical Properties of Spanish Defence Expenditure," Defence and Peace Economics, Taylor & Francis Journals, vol. 25(1), pages 7-22, February.
    • Handle: RePEc:taf:defpea:v:25:y:2014:i:1:p:7-22
    DOI: 10.1080/10242694.2013.857459
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    References listed on IDEAS

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    1. Graciela L. Kaminsky & Carmen M. Reinhart & Carlos A. Végh, 2005. "When It Rains, It Pours: Procyclical Capital Flows and Macroeconomic Policies," NBER Chapters, in: NBER Macroeconomics Annual 2004, Volume 19, pages 11-82, National Bureau of Economic Research, Inc.
    2. Gerhard Bry & Charlotte Boschan, 1971. "Foreword to "Cyclical Analysis of Time Series: Selected Procedures and Computer Programs"," NBER Chapters, in: Cyclical Analysis of Time Series: Selected Procedures and Computer Programs, pages -1, National Bureau of Economic Research, Inc.
    3. Gerhard Bry & Charlotte Boschan, 1971. "Cyclical Analysis of Time Series: Selected Procedures and Computer Programs," NBER Books, National Bureau of Economic Research, Inc, number bry_71-1.
    4. Mr. Sanjeev Gupta & Alejandro Hajdenberg & Mr. Javier Arze del Granado, 2010. "Is Social Spending Procyclical?," IMF Working Papers 2010/234, International Monetary Fund.
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