The Peace Dividend: Military Spending Cuts and Economic Growth
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| 520 | 3 | |a 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 | |
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Datensatz im Suchindex
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| id | DE-604.BV048345361 |
| illustrated | Not Illustrated |
| indexdate | 2024-12-20T19:42:09Z |
| institution | BVB |
| isbn | 1451847335 9781451847338 |
| language | English |
| oai_aleph_id | oai:aleph.bib-bvb.de:BVB01-033724629 |
| oclc_num | 1337124250 |
| open_access_boolean | |
| owner | DE-20 DE-824 DE-70 DE-155 DE-BY-UBR DE-29 DE-22 DE-BY-UBG DE-473 DE-BY-UBG DE-1102 DE-703 DE-859 DE-706 DE-384 DE-860 DE-19 DE-BY-UBM DE-739 DE-355 DE-BY-UBR DE-Aug4 DE-1049 DE-12 DE-91 DE-BY-TUM |
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| physical | 1 Online-Ressource (40 p) |
| psigel | ZDB-1-IMF |
| publishDate | 1995 |
| publishDateSearch | 1995 |
| publishDateSort | 1995 |
| publisher | International Monetary Fund |
| record_format | marc |
| series2 | IMF Working Papers |
| spellingShingle | Knight, Malcolm Donald 1944- The Peace Dividend Military Spending Cuts and Economic Growth |
| title | The Peace Dividend Military Spending Cuts and Economic Growth |
| title_auth | The Peace Dividend Military Spending Cuts and Economic Growth |
| title_exact_search | The Peace Dividend Military Spending Cuts and Economic Growth |
| title_full | The Peace Dividend Military Spending Cuts and Economic Growth Knight, Malcolm D |
| title_fullStr | The Peace Dividend Military Spending Cuts and Economic Growth Knight, Malcolm D |
| title_full_unstemmed | The Peace Dividend Military Spending Cuts and Economic Growth Knight, Malcolm D |
| title_short | The Peace Dividend |
| title_sort | the peace dividend military spending cuts and economic growth |
| title_sub | Military Spending Cuts and Economic Growth |
| url | http://elibrary.imf.org/view/IMF001/07215-9781451847338/07215-9781451847338/07215-9781451847338.xml |
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