Download or read book Defense Spending And Economic Growth written by James E. Payne and published by Routledge. This book was released on 2019-03-13 with total page 286 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book examines the impact defense spending has on economic growth. While defense spending was not deliberately invented as a fiscal policy instrument, its importance in the composition of overall government spending and thus in determining employment is now easily recognized. In light of the collapse of the Soviet Union and the consequent reduction in the threat to the security of the United States, maintaining defense spending at the old level seems indefensible. The media has concentrated on the so-called peace dividend. However, as soon as the federal government is faced with defense cuts, it realizes the macroeconomic ramifications of such a step. Based on studies included in this volume, we examine the effects of defense spending on economic growth and investigate how the changed world political climate is likely to alter the importance and pattern of defense spending both for developed and developing countries.
Download or read book Military Expenditures and Economic Growth written by and published by . This book was released on 2001 with total page 128 pages. Available in PDF, EPUB and Kindle. Book excerpt: This report presents an exploration of the historical relationship between national economic growth and military expenditures in five "great power" countries: Germany, France, Russia, Japan, and the United States. Using statistical as well as case study methodologies, it examines how each country's military expenditures responded to increases in output levels and rates of growth over the period 1870-1939 and proposes plausible explanations for the relationship in each country. If the historical experience holds true, economic growth in some of the present-day candidates for great-power status will spur them to increase their rate of military expenditure growth and, as a result, their military capabilities. As we show, however, each country is unique, and strong economic growth by no means implies automatic expansion of military spending or capabilities. In fact, the historical record suggests that perceived threats from abroad may be the most significant factor contributing to increases in military expenditure in potential great powers. This distinction is important because policies designed to deter foreign military expansions motivated by ambition may have perverse effects if foreign military expansions are in fact motivated by fear. This report should be of particular interest to policymakers concerned about the prospect of increased military expenditures by large and rapidly growing economies. The research was sponsored by the Deputy Chief of Staff for Intelligence and was conducted in RAND Arroyo Center's Strategy, Doctrine, and Resources Program. The Arroyo Center is a federally funded research and development center sponsored by the United States Army.
Download or read book Handbook of Defense Economics written by Keith Hartley and published by North Holland. This book was released on 1995-12-11 with total page 644 pages. Available in PDF, EPUB and Kindle. Book excerpt: This handbook examines the state of defence economics, covering theoretical analysis, econometric techniques and policy issues. The chapters fall into two categories - surveys and conceptual studies.
Download or read book The Economics of Military Expenditures written by Christian Schmidt and published by Springer. This book was released on 1987-07-07 with total page 391 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Defense Spending And Economic Growth written by James E. Payne and published by Routledge. This book was released on 2019-03-13 with total page 234 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book examines the impact defense spending has on economic growth. While defense spending was not deliberately invented as a fiscal policy instrument, its importance in the composition of overall government spending and thus in determining employment is now easily recognized. In light of the collapse of the Soviet Union and the consequent reduction in the threat to the security of the United States, maintaining defense spending at the old level seems indefensible. The media has concentrated on the so-called peace dividend. However, as soon as the federal government is faced with defense cuts, it realizes the macroeconomic ramifications of such a step. Based on studies included in this volume, we examine the effects of defense spending on economic growth and investigate how the changed world political climate is likely to alter the importance and pattern of defense spending both for developed and developing countries.
Download or read book Defense Spending and Economic Growth written by James E. Payne and published by Routledge. This book was released on 2021-03-13 with total page 286 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book examines the effects of defense spending on economic growth and investigates how the changed world political climate is likely to alter the importance and pattern of defense spending both for developed and developing countries. .
Download or read book Military Expenditure written by Mr.Daniel P. Hewitt and published by International Monetary Fund. This book was released on 1991-05-01 with total page 52 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper analyzes trends in world military expenditure by examining the shares of different country groups and the ratio to GDP of individual nations. The coverage is military expenditures in 125 countries from 1972 to 1988. The study also compares military expenditures as a proportion of central government expenditures; analyzes the budgetary trade-off between military, social, and development expenditures; and discusses the impact of military expenditures on economic development.
Download or read book The Economic Impact of Military Expenditures written by Daniel L. Landau and published by World Bank Publications. This book was released on 1993 with total page 55 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Effect of Defense on Developing Economies written by Emile Benoit and published by . This book was released on 1971 with total page 84 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book The Peace Dividend written by Delano Villanueva and published by International Monetary Fund. This book was released on 1995-05-01 with total page 40 pages. Available in PDF, EPUB and Kindle. Book excerpt: Although conventional wisdom suggests that reducing military spending may improve a country’s economic growth performance, empirical studies have produced ambiguous results. This paper extends a standard growth model and estimates it using techniques that exploit both cross-section and time-series dimensions of available data to obtain consistent estimates of the growth-retarding effects of military spending via its adverse impact on capital formation and resource allocation. Model simulations suggest that a substantial long-run “Peace Dividend”--in the form of higher capacity output--may result from: (i) markedly lower military expenditure levels achieved in most regions during the late 1980s; and (ii) further military spending cuts that would be possible in the future if a global peace could be secured.
Download or read book Military Expansion Economic Decline written by R.W. DeGrasse and published by Routledge. This book was released on 2016-07-01 with total page 208 pages. Available in PDF, EPUB and Kindle. Book excerpt: By assessing the costs and benefits of military spending, the authors provide a "second opinion" on the subject of military economics. While advocates of increased military spending often stress the positive effects of the Pentagon on the economy, there has been little systematic summary of the "opportunity costs" that society pays for a large military establishment. This book fills that gap.
Download or read book Military Expenditure and Economic Development written by World Bank and published by Washington, D.C. : World Bank. This book was released on 1992 with total page 168 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book The Political Economy of Military Spending in the United States written by Alex Mintz and published by Routledge. This book was released on 2002-01-31 with total page 345 pages. Available in PDF, EPUB and Kindle. Book excerpt: Leading scholars examine the links between domestic politics, defense spending and the economics of the US defense industry.
Download or read book Handbook of Research on Military Expenditure on Economic and Political Resources written by Das, Ramesh Chandra and published by IGI Global. This book was released on 2018-05-25 with total page 564 pages. Available in PDF, EPUB and Kindle. Book excerpt: As many countries have increased their budgets to allow for newer technologies and a stronger military force, defense spending has become a popular debate topic around the world. As such, it is vital to understand the interplay between the military expenditure and economic growth and development across countries. The Handbook of Research on Military Expenditure on Economic and Political Resources is a critical scholarly publication that explores the interplay between the military expenditure and economic growth and development across countries. Featuring coverage on a wide range of topics such as defense management, economic growth, and dynamic panel model, this publication is geared towards academicians, researchers, and professionals seeking current research on the interplay between the military expenditure and economic growth and development across countries.
Download or read book The Economics of Military Spending written by Adem Yavuz Elveren and published by Routledge. This book was released on 2019-05-17 with total page 257 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Economics of Military Spending offers a comprehensive analysis of the effect of military expenditures on the economy. It is the first book to provide both a theoretical and an empirical investigation of how military spending affects the profit rate, a key indicator of the health of a capitalist economy. The book presents a general discussion on the economic models of the nexus of military spending and economic growth, as well as military Keynesianism and the military-industrial complex. Including an account of the Marxist crisis theories, it focuses on military spending as a counteracting factor to the tendency of rate of profit to fall. Using a range of econometric methods and adopting a Marxist perspective, this book provides comprehensive evidence on the effects of military spending on the rate of profit for more than thirty countries. The findings of the book shed light on the complex linkages between military spending and the profit rate by considering the role of countries in the arms trade. Offering a Marxist perspective and an emphasis on quantitative analysis, The Economics of Military Spending will be of great interest to students and scholars of defence and peace economics, as well as Marxist economics.
Download or read book Is War Necessary for Economic Growth written by Vernon W. Ruttan and published by Oxford University Press. This book was released on 2006-01-05 with total page 232 pages. Available in PDF, EPUB and Kindle. Book excerpt: Military and defense-related procurement has been an important source of technology development across a broad spectrum of industries that account for an important share of United States industrial production. In this book, the author focuses on six general-purpose technologies: interchangeable parts and mass production; military and commercial aircraft; nuclear energy and electric power; computers and semiconductors; the INTERNET; and the space industries. In each of these industries, technology development would have occurred more slowly, and in some case much more slowly or not at all, in the absence of military and defense-related procurement. The book addresses three questions that have significant implications for the future growth of the United States economy. One is whether changes in the structure of the United States economy and of the defense-industrial base preclude military and defense-related procurement from playing the role in the development of advanced technology in the future, comparable to the role it has played in the past. A second question is whether public support for commercially oriented research and development will become an important source of new general-purpose technologies. A third and more disturbing question is whether a major war, or the threat of major war, will be necessary to mobilize the scientific, technical, and financial resources necessary to induce the development of new general-purpose technologies. When the history of United States technology development in the next half century is written, it will focus on incremental rather than revolutionary changes in both military and commercial technology. It will also be written within the context of slower productivity growth than of the relatively high rates that prevailed in the United States in the 1950s and 1960s or during the information technology bubble that began in the early 1990s. These will impose severe constraints on the capacity of the United States to sustain a global-class military posture and a position of leadership in the global economy.
Download or read book Defense Spending Natural Resources and Conflict written by Christos Kollias and published by Routledge. This book was released on 2017-10-02 with total page 144 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book is an intellectual contribution of policy scientists and researchers from different academic institutions in different parts of the world. The Arab Spring, the rise of ISIS and terrorism ignite the debate on studying conflict and natural resources. Uniquely, the book discusses the sources of the conflicts and the institutions that are managing the conflicts. The natural resources, defense spending, conflict and human welfare are intertwined. In support of the ‘resource curse’ hypothesis, the book shows that an abundance of natural resources, particularly oil, encourages an increase in military spending and lower economic growth. In addition, the good economic and political institutions do reduce the hazard of conflict; and strong political institutions for checks and balances appear to weaken the impact of natural resources on conflicts. The book also examines the relationship between defense and social welfare expenditures – specifically, health and education. Shedding light on the complicated nature of the relationship between defense spending, inequality, and types of political and welfare regimes gives us a deeper understanding of the type of democratic systems that will likely improve social welfare. In studying the political economy of defense spending, the book shows the link between public opinion toward defense spending and voters' support for candidates. The analysis shows that party identification or having a vested interest in defense industries do correlate with a preference for increasing defense spending. This book was published as a special issue of Defence and Peace Economics.
