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.

引用

页码：621 / 630

页数：10

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