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Author: Adem Yavuz Elveren
Publisher: Routledge
ISBN: 0429774486
Category : Business & Economics
Languages : en
Pages : 257
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Book Description
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.
Author: Adem Yavuz Elveren
Publisher: Routledge
ISBN: 0429774486
Category : Business & Economics
Languages : en
Pages : 257
Get Book
Book Description
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.
Author: ADEM YAVUZ. ELVEREN
Publisher: Routledge
ISBN: 9780367728885
Category :
Languages : en
Pages : 224
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Book Description
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.
Author: Daniel L. Landau
Publisher: World Bank Publications
ISBN:
Category : Developing countries
Languages : en
Pages : 55
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Book Description
Author: United States. Arms Control and Disarmament Agency
Publisher:
ISBN:
Category : Disarmament
Languages : en
Pages : 624
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Book Description
The purpose of the study is to review the likely impact of reduced military expenditures on the economy of the United States and to identify some of the more pressing problems which may be encountered in the shift of resources from military to non-military uses. (Author).
Author: R.W. DeGrasse
Publisher: Routledge
ISBN: 1315495880
Category : Business & Economics
Languages : en
Pages : 260
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Book Description
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.
Author: Alex Mintz
Publisher: Routledge
ISBN: 1134903324
Category : Political Science
Languages : en
Pages : 345
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Book Description
Leading scholars examine the links between domestic politics, defense spending and the economics of the US defense industry.
Author: James E. Payne
Publisher: Routledge
ISBN: 0429715684
Category : Business & Economics
Languages : en
Pages : 234
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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: Tamim A. Bayoumi
Publisher:
ISBN:
Category : Business & Economics
Languages : en
Pages : 56
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Book Description
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.
Author: James E. Payne
Publisher: Routledge
ISBN: 0429695675
Category : Business & Economics
Languages : en
Pages : 286
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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: Mr.Daniel P. Hewitt
Publisher: International Monetary Fund
ISBN: 1451847424
Category : Business & Economics
Languages : en
Pages : 52
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Book Description
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.
