Military Expenditure and Investment in OECD Countries: Revisited

被引：6
|
作者：
Hou, Na [1 ,2 ]
Chen, Bo [1 ,2 ]
机构：
[1] Cent Univ Finance & Econ, Ctr Fiscal Dev Res, Beijing 100081, Peoples R China
[2] Cent Univ Finance & Econ, Inst Def Econ & Management, Beijing 100081, Peoples R China
来源：
PEACE ECONOMICS PEACE SCIENCE AND PUBLIC POLICY | 2014年 / 20卷 / 04期
关键词：
military expenditure; investment; the demand side model; the crowding-out effect; the OECD countries;
D O I：
10.1515/peps-2014-0031
中图分类号：
D0 [政治学、政治理论];
学科分类号：
0302 ; 030201 ;
摘要：
This study examines the effects of military expenditure on investment in 13 selected OECD countries over the period of 1971-2012 by applying the Smith Demand-Side model and different estimation methodologies including panel data, cross section and time series estimation methods. Our empirical results reveal that military expenditure crowds out investment and that crowding-out effect lessens during the Post-Cold War period.
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页码：621 / 630
页数：10
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