The DOI matches its Crossref record; 14 of the 14 references it cites were found in a registry or an index.
MODELS OF MILITARY EXPENDITURE AND GROWTH: A CRITICAL REVIEW
Open accessAbstract
This paper reviews some of the theoretical and econometric issues involved in estimating growth models that include military spending. While the mainstream growth literature has not found military expenditure to be a significant determinant of growth, much of the defence economics literature has found significant effects. The paper argues that this is largely the product of the particular specification, the Feder-Ram model, that has been used in the defence economics literature but not in the mainstream literature. The paper critically evaluates this model, detailing its problems and limitations and suggests that it should be avoided. It also critically evaluates two alternative theoretical approaches, the Augmented Solow and the Barro models, suggesting that they provide a more promising avenue for future research. It concludes with some general comments about modelling the links between military expenditure and growth.
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Citations
Cites
A Contribution to the Empirics of Economic Growth
Mankiw, N. G., Romer, D., & Weil, D. N. (1992) · The Quarterly Journal of Economics · doi:10.2307/2118477 · Cited by 15,119
Government Spending in a Simple Model of Endogeneous Growth
Barro, R. J. (1990) · Journal of Political Economy · doi:10.1086/261726 · Cited by 6,340
Determinants of Long-Term Growth: A Bayesian Averaging of Classical Estimates (BACE) Approach
Sala-i-Martin, X., Doppelhofer, G., & Miller, R. I. (2004) · American Economic Review · doi:10.1257/0002828042002570 · Cited by 2,112
On exports and economic growth
Feder, G. (1983) · Journal of Development Economics · doi:10.1016/0304-3878(83)90031-7 · Cited by 1,803
Industrialization and Growth: A Comparative Study
Chenery, H. B., Robinson, S., & Syrquin, M. (1986) · Medical Entomology and Zoology · Cited by 831
Growth and Defense in Developing Countries
Benoit, E. (1978) · Economic Development and Cultural Change · doi:10.1086/451015 · Cited by 658
Growth and convergence in a multi-country empirical stochastic Solow model
Lee, K., Pesaran, M. H., & Smith, R. (1997) · Journal of Applied Econometrics · doi:10.1002/(sici)1099-1255(199707)12:4<357::aid-jae441>3.0.co;2-t · Cited by 619
Self-citationThe Peace Dividend: Military Spending Cuts and Economic Growth
Knight, M., Loayza, N., & Villanueva, D. (1996) · Staff Papers - International Monetary Fund · doi:10.2307/3867351 · Cited by 324
Explaining Growth: A Contest Between Models
Bleaney, M., & Nishiyama, A. (2002) · Journal of Economic Growth · doi:10.1023/a:1013466526642 · Cited by 193
Gleditsch, N. P., Bjerkholt, O., Cappelen, A. W., Smith, R. P., & Dunne, J. P. (1996) · Emerald Group Publishing Limited eBooks · doi:10.1108/s0573-8555(1996)235 · Cited by 103
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Cited by
Determinants of Long-Term Growth: A Bayesian Averaging of Classical Estimates (BACE) Approach
Sala-i-Martin, X., Doppelhofer, G., & Miller, R. I. (2004) · American Economic Review · doi:10.1257/0002828042002570 · Cited by 2,112
Violent conflicts and state capacity: Evidence from Sub-Saharan Africa
Babajide, A., Ahmad, A. H., & Coleman, S. (2021) · Journal of Government and Economics · doi:10.1016/j.jge.2021.100019 · Cited by 34
Metadata
- Authors
- Dunne, J. P., Smith, R. P., & Willenbockel, D.
- Venue
- Defence and Peace Economics
- Publisher
- Informa UK Limited
- Published
- 2005-01
- Volume
- 16
- Issue
- 6
- Pages
- 449-461
- ISSN
- 1024-2694 (ISSN-L)
- 1476-8267
- OpenAlex
- W1989789607
- Cited by
- 434
- References
- 14
- FWCI
- 28.27
- Type
- journal article
- Language
- en
- Open access
- green
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Bibliographic data: Semantic Scholar, OpenAlex, Crossref.
Contains information from the Semantic Scholar Academic Graph Datasets, made available under the ODC Attribution License (ODC-BY 1.0).
Semantic Scholar’s data is described in: Kinney, R., et al. (2023). The Semantic Scholar Open Data Platform. arXiv:2301.10140.
