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Original Articles

Military spending and budget deficits: the impact of US military spending on public debt in Europe (1988–2013)

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Pages 534-549 | Received 18 May 2016, Accepted 22 Aug 2016, Published online: 28 Sep 2016

Keep up to date with the latest research on this topic with citation updates for this article.

Read on this site (6)

Nan Tian, Diego Lopes da Silva, Lucie Béraud-Sudreau, Xiao Liang, Lorenzo Scarazzato & Ana Assis. (2023) Developments in Military Expenditure and the Effects of the War in Ukraine. Defence and Peace Economics 34:5, pages 547-562.
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Yaseen Ghulam & Benedict Saunby. (2023) Does Increase in Defence Spending Lead to More Risk of Sovereign Debt Defaults?. Defence and Peace Economics 0:0, pages 1-19.
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Lubna Khan, Imtiaz Arif & Sundus Waqar. (2021) The Impact of Military Expenditure on External Debt: The Case of 35 Arms Importing Countries. Defence and Peace Economics 32:5, pages 588-599.
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Antonella Biscione & Raul Caruso. (2021) Military Expenditures and Income Inequality Evidence from a Panel of Transition Countries (1990-2015). Defence and Peace Economics 32:1, pages 46-67.
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Edward Hunter Christie. (2019) The Demand for Military Expenditure in Europe: The Role of Fiscal Space in the Context of a Resurgent Russia. Defence and Peace Economics 30:1, pages 72-84.
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Ourania Dimitraki & Aris Kartsaklas. (2018) Sovereign debt, deficits and defence spending: the case of Greece. Defence and Peace Economics 29:6, pages 712-727.
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Articles from other publishers (21)

Isiaka Akande Raifu & Joshua Adeyemi Afolabi. (2023) Investigating Time-Varying Causality Between Military Spending and Macroeconomic Indicators in the United States. Peace Economics, Peace Science and Public Policy 0:0.
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Arsène Aurelien Njamen Kengdo, Tii N. Nchofoung & Alice Kos A Mougnol. (2023) Determinants of Military Spending in Africa: Do Institutions Matter?. Peace Economics, Peace Science and Public Policy 0:0.
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Claire Economidou, Dimitris Karamanis, Alexandra Kechrinioti, Konstantinos N. Konstantakis & Panayotis G. Michaelides. (2023) Unpacking the dynamics of military spending in a globalized world: economic impacts with a network GVAR model. Journal of Economic Studies.
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Waldemar Tarczyński, Łukasz Roman, Krzysztof Rejman, Raufhon Salahodjaev & Sardor Azam. (2023) Military spending and CO2 emissions: Empirical findings from countries with highest per capita military spending. JOURNAL OF INTERNATIONAL STUDIES 16:2, pages 211-221.
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Isiaka Akande Raifu. (2022) Effect of military spending on private investment in Nigeria: does a crowding-out effect exist?. European Journal of Government and Economics 11:2, pages 167-192.
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Ayşegül DURUCAN & Eda YEŞİL. (2022) The Impact of Defence Expenditures on Government Debt, Budget Deficit, and Current Account Deficit: Evidence from Developed and Developing CountriesSavunma Harcamalarının Kamu Borcu, Bütçe Açığı ve Cari Açık Üzerindeki Etkisi: Gelişmiş ve Gelişmekte Olan Ülkelerden Bulgular. Eskişehir Osmangazi Üniversitesi İktisadi ve İdari Bilimler Dergisi 17:3, pages 686-701.
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Raul Caruso & Antonella Biscione. (2022) Militarization and Income Inequality in European Countries (2000–2017). Peace Economics, Peace Science and Public Policy 28:3, pages 267-285.
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Kiryl Rudy. (2022) Military Economy and Economic Growth: Bidirectional Effects in Transition Economies of Eurasia. Global Journal of Emerging Market Economies 14:3, pages 285-300.
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Seth Nana Kwame Appiah-Kubi, Karel Malec, Joseph Phiri, Mikhail Krivko, Kamil Maitah, Mansoor Maitah & Luboš Smutka. (2022) Key Drivers of Public Debt Levels: Empirical Evidence from Africa. Sustainability 14:3, pages 1220.
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Christos Kollias, Suzanna-Maria Paleologou & Michel Zouboulakis. (2021) Defence Spending and Sovereign Debt in Greece: A Long-Term Historical Perspective. Peace Economics, Peace Science and Public Policy 27:4, pages 531-548.
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Kyriakos Emmanouilidis & Christos Karpetis. (2021) The Effects of Military Expenditures on Economic Growth and Inflation: Evidence from Turkey. Peace Economics, Peace Science and Public Policy 27:3, pages 369-404.
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Gitana Dudzevičiūtė, Vida Česnuitytė & Dalia Prakapienė. (2021) Defence Expenditure–Government Debt Nexus in the Context of Sustainability in Selected Small European Union Countries. Sustainability 13:12, pages 6669.
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Maria Pempetzoglou. (2021) A Literature Survey on Defense Expenditures – External Debt Nexus. Peace Economics, Peace Science and Public Policy 27:1, pages 119-141.
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Nur Hayati Abd Rahman, Shafinar Ismail & Abdul Rahim Ridzuan. (2020) AN AGEING POPULATION AND EXTERNAL DEBT: AN EMPIRICAL INVESTIGATION. Journal of Business Economics and Management 22:2, pages 410-423.
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Joseph Mawejje & Nicholas M. Odhiambo. (2020) The determinants of fiscal deficits: a survey of literature. International Review of Economics 67:3, pages 403-417.
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Jeremy C. Graham & Danielle Mueller. (2019) Military Expenditures and Income Inequality among a Panel of OECD Countries in the Post-Cold War Era, 1990–2007. Peace Economics, Peace Science and Public Policy 25:1.
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Panagiotis Pegkas. (2019) Government Debt and Economic Growth. A Threshold Analysis for Greece. Peace Economics, Peace Science and Public Policy 25:1.
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Aleksei V. Bogoviz, Alexander N. Alekseev & Julia V. Ragulina. 2019. The Future of the Global Financial System: Downfall or Harmony. The Future of the Global Financial System: Downfall or Harmony 578 585 .
Soeren C. Schwuchow. (2018) Military Spending and Inequality in Autocracies. Peace Economics, Peace Science and Public Policy 24:4.
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Zacharias G. Bragoudakis & George A. Zombanakis. (2017) Earning a Peace Dividend in a Crisis Environment: The Greek Case. Peace Economics, Peace Science and Public Policy 23:3.
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Raul Caruso. (2015) Beyond Deterrence and Decline Towards a General Understanding of Peace Economics. SSRN Electronic Journal.
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