Arms or butter: The economic effect of an increase in military expenditure

被引：8
|
作者：
Yang, Heewon [1 ]
Hong, Chanyoung [1 ]
Jung, Sungmoon [1 ]
Lee, Jeong-Dong [1 ]
机构：
[1] Seoul Natl Univ, Technol Management Econ & Policy Program, Seoul 151, South Korea
来源：
JOURNAL OF POLICY MODELING | 2015年 / 37卷 / 04期
关键词：
Economic growth; Military expenditure; CGE model; Republic of Korea; PEACE DIVIDEND; GROWTH; CAUSALITY;
D O I：
10.1016/j.jpolmod.2015.03.014
中图分类号：
F [经济];
学科分类号：
02 ;
摘要：
This paper analyzes the economic effects of increasing military expenditure, a requirement in the Republic of Korea. The effects of military expenditure are examined with various scenarios concerning financial resources from an endogenous growth perspective. The dynamic Computational General Equilibrium (COB) model is employed in order to measure the aggregate effect of changes in military expenditure. Raising the indirect tax rate is the best for GDP, but a corporate income tax rate increase is the best for gross output. The differences between short-term and long-term effects are verified by the dynamic change in each indicator. (C) 2015 Society for Policy Modeling. Published by Elsevier Inc. All rights reserved.
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页码：596 / 615
页数：20
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