The effect of military expenditure on growth: an empirical synthesis

Awaworyi Churchill, S and Yew, S 2018, 'The effect of military expenditure on growth: an empirical synthesis', Empirical Economics, vol. 55, no. 3, pp. 1357-1387.


Document type: Journal Article
Collection: Journal Articles

Title The effect of military expenditure on growth: an empirical synthesis
Author(s) Awaworyi Churchill, S
Yew, S
Year 2018
Journal name Empirical Economics
Volume number 55
Issue number 3
Start page 1357
End page 1387
Total pages 31
Publisher Springer
Abstract Using a sample of 272 meta-observations drawn from 48 primary studies, this paper conducts a meta-analysis of the empirical literature that examines the impact of military expenditure on economic growth. We find that existing studies indicate growth-retarding effects of military expenditure. The results from the meta-regression analysis suggest that the effect size estimate is strongly influenced by study variations. Specifically, we find that underlying theoretical models, econometric specifications, and data type as well as data period are relevant factors that explain the heterogeneity in the military expenditure-growth literature. Results also show that positive effects of military expenditure on growth are more pronounced for developed countries than less developed countries.
Subject Economic Development and Growth
Keyword(s) Military expenditure
Economic growth
Crowding out
DOI - identifier 10.1007/s00181-017-1300-z
Copyright notice © Springer-Verlag GmbH Germany 2017
ISSN 1435-8921
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