Military spending and growth: the role of institutions
RA Compton, B Paterson - Defence and Peace Economics, 2016 - Taylor & Francis
RA Compton, B Paterson
Defence and Peace Economics, 2016•Taylor & FrancisRecent literature on whether military spending affects economic growth argues that the
relationship may be a conditional one. We add to this literature by considering the role that
'good institutions' play in the effect of military spending on growth. Using data from a sample
of over 100 countries from 1988 to 2010, our analysis suggests that the effect of military
spending on growth is generally negative or zero at best, and this effect is mitigated in the
presence of good economic and political institutions.
relationship may be a conditional one. We add to this literature by considering the role that
'good institutions' play in the effect of military spending on growth. Using data from a sample
of over 100 countries from 1988 to 2010, our analysis suggests that the effect of military
spending on growth is generally negative or zero at best, and this effect is mitigated in the
presence of good economic and political institutions.
Recent literature on whether military spending affects economic growth argues that the relationship may be a conditional one. We add to this literature by considering the role that ‘good institutions’ play in the effect of military spending on growth. Using data from a sample of over 100 countries from 1988 to 2010, our analysis suggests that the effect of military spending on growth is generally negative or zero at best, and this effect is mitigated in the presence of good economic and political institutions.
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