Military Spending and Economic Growth in the Presence of Arms Trade PDF Download
Are you looking for read ebook online? Search for your book and save it on your Kindle device, PC, phones or tablets. Download Military Spending and Economic Growth in the Presence of Arms Trade PDF full book. Access full book title Military Spending and Economic Growth in the Presence of Arms Trade by Taimur Rahman. Download full books in PDF and EPUB format.
Author: Taimur Rahman
Publisher:
ISBN: 9789975339629
Category : Political Science
Languages : en
Pages : 56
Get Book
Book Description
Military spending is not considered a productive activity that can contribute positively to GDP, however It effect indirectly through degreasing the risk and provide stability, moreover since its considered a major expenditure in many countries, it could indirectly affect the economy by increasing income level as well as production of military goods and service. This study explored the fact whether economy grows with the rise of military spending or vice versa. The research work comprises of various independent variables including military spending, and explored their effect of on economic growth and per capita income over 85 countries for the last 20 years i.e. from 1998 to 2017. Models suggested that the impact of defense expenditure (DE) on economic growth is negative since left less money to invest in other areas like infrastructure, health, education and production of routine goods. One notable change depicted in the interaction effect of military spending and arms exports, it have a positive and significant effect, showing a positive complementarities between the two. This shows that military spending itself have a negative effect but if it is complemented by arms exports, that spending turns favorablefor GDP in both the models. Hence in most refined model, it is clearly evident that arms exports were not only good for GDP level and growth, but it would also make the military spending infavorable to economy. Hence, results imply that for developed countries, military spending in the presence of arms export is an effective foreign policy tool to securing economic growth and maintaing political stability and strong rule of law.
Author: Taimur Rahman
Publisher:
ISBN: 9789975339629
Category : Political Science
Languages : en
Pages : 56
Get Book
Book Description
Military spending is not considered a productive activity that can contribute positively to GDP, however It effect indirectly through degreasing the risk and provide stability, moreover since its considered a major expenditure in many countries, it could indirectly affect the economy by increasing income level as well as production of military goods and service. This study explored the fact whether economy grows with the rise of military spending or vice versa. The research work comprises of various independent variables including military spending, and explored their effect of on economic growth and per capita income over 85 countries for the last 20 years i.e. from 1998 to 2017. Models suggested that the impact of defense expenditure (DE) on economic growth is negative since left less money to invest in other areas like infrastructure, health, education and production of routine goods. One notable change depicted in the interaction effect of military spending and arms exports, it have a positive and significant effect, showing a positive complementarities between the two. This shows that military spending itself have a negative effect but if it is complemented by arms exports, that spending turns favorablefor GDP in both the models. Hence in most refined model, it is clearly evident that arms exports were not only good for GDP level and growth, but it would also make the military spending infavorable to economy. Hence, results imply that for developed countries, military spending in the presence of arms export is an effective foreign policy tool to securing economic growth and maintaing political stability and strong rule of law.
Author: Christian Schmidt
Publisher: Springer
ISBN: 1349089192
Category : Business & Economics
Languages : en
Pages : 391
Get Book
Book Description
Author: J. Brauer
Publisher: Springer
ISBN: 0230501257
Category : Business & Economics
Languages : en
Pages : 426
Get Book
Book Description
After marked reductions in military spending in the 1990s military budgets around the world are on the increase. In this book, renowned authorities re-examine the economics of military expenditure, arms production and arms trade in developing nations. It includes analysis of military spending in Africa, Asia and Latin America and new forms of civil conflict as well as nine case studies (Saudi Arabia, South Africa, Mozambique, Angola, Subsaharan Africa, Greece, Turkey, Guatemala and Chile). The book will serve as a valuable contribution to the fields of both development economics and security studies.
Author: James E. Payne
Publisher: Routledge
ISBN: 0429715684
Category : Business & Economics
Languages : en
Pages : 234
Get Book
Book Description
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.
Author: Hugh G. Mosley
Publisher: Free Press
ISBN:
Category : Arms race
Languages : en
Pages : 234
Get Book
Book Description
Author: Robert E Looney
Publisher: Springer
ISBN: 134909658X
Category : Political Science
Languages : en
Pages : 266
Get Book
Book Description
Author: Jurgen Brauer
Publisher: Routledge
ISBN: 1134329458
Category : Business & Economics
Languages : en
Pages : 352
Get Book
Book Description
Countries that spend scarce resources to import arms from abroad often require arms sellers to 'reinvest' part or all of the proceeds back into the arms-importing country. These so-called 'arms trade offsets' are therefore thought to enhance domestic economic development. But does this process actually succeed? This book examines the theory and policy applications of arms trade offsets and looks at more than a dozen case studies drawn from across Europe, Africa, Asia, and the Americas. The chapters, based on original research and published here for the first time, are all written by leading experts. That an impressive, lucid and cohesive volume such as this will interest defence economists can be taken almost for granted. The book will also be a useful and enlightening read for those interested in international development economics, military studies and policy-makers across the globe.
Author: Paul Levine
Publisher: Routledge
ISBN: 1134401566
Category : Business & Economics
Languages : en
Pages : 241
Get Book
Book Description
The Arms Industry is an area that is of huge concern to many people around the world. The economics of this hugely important industry are a vital strand that needs to be understood. This volume brings together contributors from all over the globe, such as Todd Sandler and Keith Hartley, and focuses on the important issues surrounding the Arms Trade such as: *the determinants of US military expenditure *alliance formation and expansion *new challenges to export controls This well-rounded, comprehensive book will be of huge interest to students and academics involved in the economics of defence, as well as more general studies of the defence industry. The book will also be an invaluable read for those with an interest in the Arms Industry such as policy-makers and corporate managers.
Author: Christos Kollias
Publisher: Routledge
ISBN: 1317391411
Category : History
Languages : en
Pages : 144
Get Book
Book Description
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.
Author: Keith Hartley
Publisher: Edward Elgar Publishing
ISBN:
Category : History
Languages : en
Pages : 584
Get Book
Book Description
This major reference work is a comprehensive critical guide to the large and growing literature on the economics of defence, disarmament and peace. It covers the cost of defence spending and its effects on growth, investment, unemployment, technical change and other aspects of a nation's economic performance. It includes material on the determinants of defence spending namely defence budgets, programme budgeting and procurement policy. It also deals with the economic impact of arms limitation, disarmament and the conversion from military production to products with peaceful uses.
