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Military Expenditure: Econometric Testing of Economic and Political Influences

Author

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  • Mr. Daniel P. Hewitt

Abstract

Econometric results from an analysis of the determinants of military expenditure in 125 countries during 1972-88 are presented. The dependent variable is the ratio of military expenditure to GDP; included among the explanatory variables are economic and financial indicators, political variables summarizing the form of government, and demographic and geographic features of nations. The results strongly confirm the importance of these variables in explaining cross-country differences in levels of military expenditure.

Suggested Citation

  • Mr. Daniel P. Hewitt, 1991. "Military Expenditure: Econometric Testing of Economic and Political Influences," IMF Working Papers 1991/053, International Monetary Fund.
    • Handle: RePEc:imf:imfwpa:1991/053
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    Citations

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    Cited by:

    1. Njamen Kengdo Arsène Aurelien & Nchofoung Tii N. & Kos A Mougnol Alice, 2023. "Determinants of Military Spending in Africa: Do Institutions Matter?," Peace Economics, Peace Science, and Public Policy, De Gruyter, vol. 29(4), pages 401-440, December.
    2. Jacques Fontanel, 1991. "The economic significance of military expenditure and the economic impact of disarmament," Working Papers hal-02960094, HAL.
    3. Mr. Philip R. Gerson, 1998. "The Impact of Fiscal Policy Variables on Output Growth," IMF Working Papers 1998/001, International Monetary Fund.
    4. Michael Ward & Jacques Fontanel, 1991. "Arms exports and growth in France," Post-Print hal-03542885, HAL.
    5. Hamid Ali, 2007. "Military Expenditures And Inequality: Empirical Evidence From Global Data," Defence and Peace Economics, Taylor & Francis Journals, vol. 18(6), pages 519-535.
    6. Christos Avramides, 1997. "Alternative models of Greek defence expenditures," Defence and Peace Economics, Taylor & Francis Journals, vol. 8(2), pages 145-187.
    7. J. Paul Dunne & Sam Perlo-Freeman, 2003. "The demand for military spending in developing countries: A dynamic panel analysis," Defence and Peace Economics, Taylor & Francis Journals, vol. 14(6), pages 461-474.
    8. Jacques Fontanel & Hans-Christian Cars & Jacques Aben & Ron Smith & Pete Mir, 1987. "Emploi et défense," Post-Print hal-02961942, HAL.
    9. Clements, Benedict J. & Gupta, Sanjeev & Khamidova, Saida, 2021. "Is military spending converging to a low level across countries?," Economic Modelling, Elsevier, vol. 94(C), pages 433-441.
    10. Jacques Fontanel, 1995. "Importance des dépenses militaires dans le monde," Post-Print hal-03334604, HAL.
    11. Paul Dunne & Sam Perlo-Freeman, 2003. "The Demand for Military Spending in Developing Countries," International Review of Applied Economics, Taylor & Francis Journals, vol. 17(1), pages 23-48.
    12. Pempetzoglou Maria, 2021. "A Literature Survey on Defense Expenditures – External Debt Nexus," Peace Economics, Peace Science, and Public Policy, De Gruyter, vol. 27(1), pages 119-141, February.
    13. repec:gig:joupla:v:5:y:2013:i:2:p:71-103 is not listed on IDEAS
    14. J. Paul Dunne & Eftychia Nikolaidou & Nikolaos Mylonidis, 2003. "The demand for military spending in the peripheral economies of Europe," Defence and Peace Economics, Taylor & Francis Journals, vol. 14(6), pages 447-460.
    15. Julide Yildirim & Nadir Ocal, 2006. "Arms Race And Economic Growth: The Case Of India And Pakistan," Defence and Peace Economics, Taylor & Francis Journals, vol. 17(1), pages 37-45.

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