Economic Consequences Of Lower Military Spending
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Economic Consequences Of Lower Military Spending
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Author : Tamim A. Bayoumi
language : en
Publisher:
Release Date : 1993-03
Economic Consequences Of Lower Military Spending written by Tamim A. Bayoumi and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1993-03 with Business & Economics categories.
The IMF MULTIMOD model is used to trace the economic impact of a 20 percent reduction in world military expenditures. GDP falls in the short run, however private consumption and investment rise, leading to an increase in GDP in the medium and long run. The estimated gains to economic welfare are substantial, particularly for developing countries, although most of these gains are realized in the long run. A positive international economic externality is found to exist, implying that for any given country the economic gains from a coordinated reduction in military expenditures exceed the gains from a unilateral reduction.
Economic Consequences Of Lower Military Spending
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Author : Tamim Bayoumi
language : en
Publisher:
Release Date : 2006
Economic Consequences Of Lower Military Spending written by Tamim Bayoumi and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2006 with categories.
The IMF MULTIMOD model is used to trace the economic impact of a 20 percent reduction in world military expenditures. GDP falls in the short run, however private consumption and investment rise, leading to an increase in GDP in the medium and long run. The estimated gains to economic welfare are substantial, particularly for developing countries, although most of these gains are realized in the long run. A positive international economic externality is found to exist, implying that for any given country the economic gains from a coordinated reduction in military expenditures exceed the gains from a unilateral reduction.
Economic Consequences Of Lower Military Spending
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Author : Tamim Bayoumi
language : en
Publisher:
Release Date : 1993
Economic Consequences Of Lower Military Spending written by Tamim Bayoumi and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1993 with categories.
The Economic Impact Of Military Expenditures
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Author : Daniel L. Landau
language : en
Publisher:
Release Date : 1993
The Economic Impact Of Military Expenditures written by Daniel L. Landau and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1993 with Developing countries categories.
Levels of military spending in developing countries have been falling and are relatively low in areas with economic problems. Generally, military spending (typically about 4 percent of GDP) is not associated with lower rates of economic growth, of capital formation, or of government spending on health, education, and infrastructure, or with higher rates of inflation.
The Peace Dividend
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Author : Delano Villanueva
language : en
Publisher: International Monetary Fund
Release Date : 1995-05-01
The Peace Dividend written by Delano Villanueva and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 1995-05-01 with Business & Economics categories.
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.
Military Expenditure In Third World Countries
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Author : Saadet Deger
language : en
Publisher: Taylor & Francis
Release Date : 1986
Military Expenditure In Third World Countries written by Saadet Deger and has been published by Taylor & Francis this book supported file pdf, txt, epub, kindle and other format this book has been release on 1986 with Developing countries categories.
Defense Spending Natural Resources And Conflict
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Author : Christos Kollias
language : en
Publisher: Routledge
Release Date : 2017-10-02
Defense Spending Natural Resources And Conflict written by Christos Kollias and has been published by Routledge this book supported file pdf, txt, epub, kindle and other format this book has been release on 2017-10-02 with History categories.
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.
Study On The Economic And Social Consequences Of The Arms Race And Military Expenditures
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Author : United Nations Office for Disarmament Affairs
language : en
Publisher: United Nations
Release Date : 1989-12-31
Study On The Economic And Social Consequences Of The Arms Race And Military Expenditures written by United Nations Office for Disarmament Affairs and has been published by United Nations this book supported file pdf, txt, epub, kindle and other format this book has been release on 1989-12-31 with Political Science categories.
This report is in response to mandates of the General Assembly on the economic and social consequences of the arms race. It discusses the dynamics and resources of the arms race, military outlays and socio-economic development and international consequences of the arms race. The analysis reveals a continuity of negative effects but a greater degree of change since its previous reports.
Military Expenditure
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Author : Saadet Deger
language : en
Publisher: Stockholm International Peace Research Institute
Release Date : 1990
Military Expenditure written by Saadet Deger and has been published by Stockholm International Peace Research Institute this book supported file pdf, txt, epub, kindle and other format this book has been release on 1990 with Business & Economics categories.
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.
Defense Spending And Economic Growth
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Author : James E. Payne
language : en
Publisher: Routledge
Release Date : 2019-03-13
Defense Spending And Economic Growth written by James E. Payne and has been published by Routledge this book supported file pdf, txt, epub, kindle and other format this book has been release on 2019-03-13 with Business & Economics categories.
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.