The Economic Impact of Rent Seeking and Military Expenditures in the Third World
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Authors
Looney, R.E.
Subjects
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Date of Issue
1989
Date
1989
Publisher
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Abstract
The general stereotype of modern Third World military regimes is
that of ultra-conservativism combined with military force to dismantle organizations
of popular expression. These organizations through their rent-seeking
activities are assumed to have reduced overall rates of economic growth. EmĀ·
pirically, the paper does find some support for this line of argument. However,
It is apparent that the traditional stereotypes are inappropriate. The two regime
types differ largely in terms of contrasting styles of economic management.
Military regimes create an environment where military expenditures tend to
have a positive overall impact on economic growth. Civilian regimes having
less control over rent seeking groups do not appear to be able to combine rent
seeking activities and military expenditures in a manner conducive to overall
economic growth.
Type
Article
Description
The American Journal of Economics and Sociology, January 1989.
Refereed Journal Article
Refereed Journal Article
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Citation
Looney, R.E., "The Economic Impact of Rent Seeking and Military Expenditures in the Third World,ā The American Journal of Economics and Sociology, January 1989.
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This publication is a work of the U.S. Government as defined in Title 17, United States Code, Section 101. Copyright protection is not available for this work in the United States.