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Defense Spending and Income Inequality: New Evidence from Greece

Author

Listed:
  • Antonis Tsitouras

    (University of Western Macedonia)

  • Nicholas Tsounis

    (University of Western Macedonia)

Abstract

This study utilizes contemporary econometric techniques to investigate the correlation between income inequality and military expenditure in Greece. While there have been many studies on various aspects of military expenditure in Greece, none have specifically investigated the influence of military spending on income distribution. Therefore, our substantial contribution to the existing empirical research is essential and has the potential to offer significant policy recommendations. The results of our study suggest that, in the short term, an increase in defense spending is associated with an increase in income inequality. Nevertheless, the results indicate that persistent military expenditure diminishes income inequality in Greece in the long run. In addition, our findings validate the Kuznets hypothesis when examining our short and long-run results regarding the relationship between income per capita growth and income disparity. Finally, the research findings regarding the influence of secondary education on income inequality suggest that it has a persistent detrimental impact over time, while population growth leads to an increase in income inequality.

Suggested Citation

  • Antonis Tsitouras & Nicholas Tsounis, 2025. "Defense Spending and Income Inequality: New Evidence from Greece," Springer Proceedings in Business and Economics,, Springer.
    • Handle: RePEc:spr:prbchp:978-3-031-76658-9_3
    DOI: 10.1007/978-3-031-76658-9_3
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    More about this item

    Keywords

    Income inequality; GINI; ARDL; Defense spending;
    All these keywords.

    JEL classification:

    • O11 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Macroeconomic Analyses of Economic Development
    • C22 - Mathematical and Quantitative Methods - - Single Equation Models; Single Variables - - - Time-Series Models; Dynamic Quantile Regressions; Dynamic Treatment Effect Models; Diffusion Processes
    • H56 - Public Economics - - National Government Expenditures and Related Policies - - - National Security and War
    • D30 - Microeconomics - - Distribution - - - General

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