DOES MILITARY EXPENDITURE MATTER FOR INFLATION AND ECONOMIC GROWTH?

References

• Aizenman , J. and Glick , R. 2006 . Military expenditure, threats, and growth . Journal of International Trade and Economic Development , 15 : 129 – 155 .
   Google Scholar
• Barro , R. J. 1987 . Government spending, interest rates, prices and budget deficits in the United Kingdom . Journal of Monetary Economics , 20 : 221 – 247 .
   Web of Science ®Google Scholar
• Barro , R. J. 1990 . Government spending in a simple model of endogenous growth . Journal of Political Economy , 98 : S103 – S125 .
   Web of Science ®Google Scholar
• Benoit , E. 1973 . Defense and Economic Growth in Developing Countries , Lexington, MA : Lexington Books .
   Google Scholar
• Benoit , E. 1978 . Growth and defense in developing countries . Economic Development and Cultural Change , 26 : 271 – 280 .
   Web of Science ®Google Scholar
• Brumm , H. J. 1997 . Military spending, government disarray, and economic growth: a cross‐country empirical analysis . Journal of Macroeconomics , 19 : 827 – 838 .
   Web of Science ®Google Scholar
• Chan , S. 1985 . The impact of defense spending on economic performance: a survey of evidence and problems . Orbis , 29 : 403 – 434 .
   Web of Science ®Google Scholar
• Chang , W. Y. , Tsai , H. F. and Lai , C. C. 1996 . Effects of anticipated foreign military threats on arms accumulation . Southern Economic Journal , 63 : 507 – 514 .
   Web of Science ®Google Scholar
• Chowdhury , A. R. 1991 . A causal analysis of defense spending and economic growth . Journal of Conflict Resolution , 35 : 80 – 97 .
   Web of Science ®Google Scholar
• Deger , S. and Sen , S. 1983 . Military expenditure, spin‐off and economic development . Journal of Development Economics , 13 : 67 – 83 .
   Web of Science ®Google Scholar
• Deger , S. and Sen , S. 1984 . Optimal control and differential game models of military expenditure in less developed countries . Journal of Economic Dynamics and Control , 7 : 153 – 169 .
   Web of Science ®Google Scholar
• Deger , S. and Smith , R. 1983 . Military expenditure and growth in less developed countries . Journal of Conflict Resolution , 27 : 335 – 353 .
   Web of Science ®Google Scholar
• Dunne , J. P. , Smith , R. P. and Willenbockel , D. 2005 . Models of military expenditure and growth: A critical review . Defence and Peace Economics , 16 : 449 – 461 .
   Web of Science ®Google Scholar
• Faini , R. , Annez , P. and Taylor , L. 1984 . Defense spending, economic structure, and growth: Evidence among countries and over time . Economic Development and Cultural Change , 32 : 487 – 498 .
   Web of Science ®Google Scholar
• Fordham , B. O. 2003 . The political and economic sources of inflation in the American military budget . Journal of Conflict Resolution , 47 : 574 – 593 .
   Web of Science ®Google Scholar
• Heo , U. 1998 . Modeling the defense‐growth relationship around the globe . Journal of Conflict Resolution , 42 : 637 – 657 .
   Web of Science ®Google Scholar
• Huang , C. and Mintz , A. 1990 . Ridge regression analysis of the defense‐growth tradeoff on the United States . Defense Economics , 2 : 29 – 37 .
   Google Scholar
• Huang , C. and Mintz , A. 1991 . Defense expenditures and economic growth: the externality effect . Defense Economics , 3 : 35 – 40 .
   Web of Science ®Google Scholar
• Lucas , R. E. 1980 . Equilibrium in a pure currency economy . Economic Inquiry , 18 : 203 – 220 .
   Web of Science ®Google Scholar
• Murdoch , J. C. , Pi , C. R. and Sandler , T. 1997 . The impact of defense and non‐defense public spending on growth in Asia and Latin America . Defence and Peace Economics , 8 : 205 – 224 .
   Web of Science ®Google Scholar
• Ram , R. 1995 . “ Defense expenditure and economic growth ” . In Handbook of Defense Economics , Edited by: Hartley , K. and Sandler , T. 251 – 273 . Amsterdam : Elsevier .
   Google Scholar
• Rebelo , S. 1991 . Long‐run policy analysis and long‐run growth . Journal of Political Economy , 99 : 500 – 521 .
   Web of Science ®Google Scholar
• Sandler , T. and Hartley , K. 1995 . The Economics of Defense , Cambridge : Cambridge University Press .
   Google Scholar
• Shieh , J. Y. , Lai , C. C. and Chang , W. Y. 2002a . The impact of military burden on long‐run growth and welfare . Journal of Development Economics , 68 : 443 – 454 .
   Web of Science ®Google Scholar
• Shieh , J. Y. , Lai , C. C. and Chang , W. Y. 2002b . Endogenous growth and defense expenditures: a new explanation of the Benoit hypothesis . Defence and Peace Economics , 13 : 179 – 186 .
   Web of Science ®Google Scholar
• Starr , H. , Hoole , F. W. , Hart , J. A. and Freeman , J. R. 1984 . The relationship between defense spending and inflation . Journal of Conflict Resolution , 28 : 103 – 122 .
   Web of Science ®Google Scholar
• Turnovsky , S. J. 2000a . Methods of Macroeconomic Dynamics , 2nd edn. , Cambridge, MA : MIT Press .
   Google Scholar
• Turnovsky , S. J. 2000b . Fiscal policy, elastic labor supply, and endogenous growth . Journal of Monetary Economics , 45 : 185 – 210 .
   Web of Science ®Google Scholar
• van der Ploeg , F. and Zeeuw , A. J. 1990 . Perfect equilibrium in a model of competitive arms accumulation . International Economic Review , 31 : 131 – 146 .
   Web of Science ®Google Scholar