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 The Peace Dividend written by Loayza and published by . This book was released on 2013 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book The Peace Dividend written by Malcolm Knight and published by . This book was released on 1995 with total page 36 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book The Peace Dividend Military Spending Cuts and Economic Growth written by Norman Loayza and published by . This book was released on 1999 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: February 1996 Empirical results suggest that lower military spending in the late 1980s -- plus further cuts in military spending should global peace be secured -- could produce a substantial long-term peace dividend in higher capacity output. Conventional wisdom suggests that reducing military spending may improve a country's economic growth, but empirical studies have produced ambiguous results on this point. Extending a standard growth model, Knight, Loayza, and Villanueva exploit both cross-section and time-series dimensions of available data to get consistent estimates of the growth-retarding effects of military spending. Military spending is growth-retarding because of its adverse impact on capital formation and resource allocation. Model simulation results suggest a substantial long-term peace dividend -- in the form of higher capacity output per capita -- that may result from (1) markedly lower military spending in most regions in the late 1980s and (2) future cuts in military spending if global peace is secured. This paper -- a joint product of the Macroeconomics and Growth Division, Policy Research Department, and the International Monetary Fund -- is part of a larger effort to understand the link between policies and growth.
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 Spending the Peace Dividend and Fiscal Adjustment written by Mr.Benedict J. Clements and published by International Monetary Fund. This book was released on 1999-07-01 with total page 33 pages. Available in PDF, EPUB and Kindle. Book excerpt: The end of the Cold War has ushered in significant changes in worldwide military spending. This paper finds that the easing of (1) international tensions, (2) regional tensions, and (3) the existence of IMF-supported programs are related to lower military spending and a higher share of nonmilitary spending in total government outlays. These factors account for up to 66 percent, 26 percent, and 11 percent of the decline in military spending, respectively. Furthermore, fiscal adjustment has implied a larger cut in military spending of countries with IMF-supported programs.
Download or read book The Political Economy of Defense Spending Around the World written by Uk Heo and published by . This book was released on 1999 with total page 170 pages. Available in PDF, EPUB and Kindle. Book excerpt: With the end of the Cold War, one question that interests both scholars and policy makers alike is how defence cutbacks will affect economic performance. This text provides a review of the existing literature and addresses the issue of the peace dividend in an empirical analysis of 80 countries
Download or read book IMF Staff papers Volume 43 No 1 written by International Monetary Fund. Research Dept. and published by International Monetary Fund. This book was released on 1996-01-01 with total page 268 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper extends a standard growth model and obtains consistent panel data estimates of the growth retarding effects of military spending via its adverse impact on capital formation and resource allocation. Simulation experiments suggest that a substantial long-term “peace dividend”—in the form of higher capacity output—may result from markedly lower military expenditure levels achieved in most regions during the late 1980s, and the further military spending cuts that would be possible if global peace could be secured.
Download or read book Demystifying the Peace Dividend written by Jörn Brömmelhörster and published by Nomos Verlagsgesellschaft. This book was released on 2000 with total page 236 pages. Available in PDF, EPUB and Kindle. Book excerpt: Die weltweiten Militarausgaben sind seit dem Ende des Kalten Krieges vor 10 Jahren um mehr als ein Drittel gesunken. Enorme finanzielle Mittel fur zivile Verwendungen wurden frei und nahrten so die Hoffnung auf eine direkte Friedensdividende fur nachhaltige und soziale Entwicklung.Der Sammelband beleuchtet Mythen und Realitaten um diese Friedensdividende. Wer hat vom Ruckgang der Verteidigungsausgaben profitiert? Wie hoch sind die Einsparungen, wie wurden sie in unterschiedlichen Landern verwendet oder verschwanden sie durch die Folgen der Abrustung?In acht Landerstudien (USA, Sudafrika, Deutschland, Rualand, Guatemala, Nigeria, China und Pakistan) analysieren die Autoren dieses Spannungsfeld von direkten Verbindungen zwischen niedrigeren Militarausgaben und positiven sozio-okonomischen Entwicklungen einerseits und der Komplexitat politischer und okonomischer Prozesse in einem langeren Zeitrahmen andererseits. Deutlich wird dabei vor allem auch die Relevanz landerspezifischer Besonderheiten.Der Band wird herausgegeben vom Internationalen Konversionszentrum Bonn (BICC), das sich vor allem durch sein seit 1999 im Nomos Verlag erscheinendes Jahrbuch conversion survey einen Namen gemacht hat.
Download or read book From Defense to Development written by Sean M. DiGiovanna and published by Routledge. This book was released on 2003-09-11 with total page 289 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book tracks the progress of 12 countries on five continents in moving resources from defense to civilian activity in the 1990s. Based on intensive research, it addresses each country with an impressive standard of scholarship.
Download or read book Military Spending the Peace Dividend and Fiscal Adjustment written by Hamid R. Davoodi and published by . This book was released on 2006 with total page 32 pages. Available in PDF, EPUB and Kindle. Book excerpt: The end of the Cold War has ushered in significant changes in worldwide military spending. This paper finds that the easing of (1) international tensions, (2) regional tensions, and (3) the existence of IMF-supported programs are related to lower military spending and a higher share of nonmilitary spending in total government outlays. These factors account for up to 66 percent, 26 percent, and 11 percent of the decline in military spending, respectively. Furthermore, fiscal adjustment has implied a larger cut in military spending of countries with IMF-supported programs.
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 Exploding the Myth written by Derek Braddon and published by Routledge. This book was released on 2014-02-25 with total page 320 pages. Available in PDF, EPUB and Kindle. Book excerpt: From a cold war peak of some $1000 billion per annum, world military expenditure has declined by about 40% since 1990, reaching its lowest level for thirty years. With such significant decline in global public expenditure committments to the defence sector, a substantial and lasting peace dividend was anticipated. Most governments believed that market forces, left more or less to their own devices, would deal effectively with this major exogenous shock and generate sufficient new economic activity to allow increased public expenditure on health, education and welfare. The approach of this book is to challenge the fundamental but flawed belief that a substantial and lasting peace dividend could be secured through market solution alone. The principal assertion is that market adjustment by itself cannot deliver such a dividend.The book focuses on the major aspects of the economic, business and security consequences of post Cold War defence expenditure reduction. Key problems obstructing optimal market response are identified and possible remedial action by government and others is considered.
Download or read book The Economy and National Defense written by Committee for Economic Development. Research and Policy Committee and published by . This book was released on 1991 with total page 58 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book The Peace Dividend written by and published by . This book was released on 1991 with total page 68 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 Military Expenditure written by Saadet Deger and published by Stockholm International Peace Research Institute. This book was released on 1990 with total page 212 pages. Available in PDF, EPUB and Kindle. Book excerpt: The purpose of this book is to analyse world military expenditure at the end of the 1980s, and to discuss its political and economic implications. After a decade of unprecedented expansion of international military spending, its level is falling, though modestly. Political developments in Europe and the success of arms control negotiations raise hopes for further reductions. In addition, technological and economic structural disarmament is adding to the pressure for reductions. However, performance has not matched up to promises, and formidable obstacles to defence spending limitations still remain. Military Expenditure surveys recent events and describes the process of change that characterizes international military expenditure, and its determinants, at this time of transformation.
