Another Look at the Defense Spending and Development Hypothesis
Looney, Robert E.
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With the increasing pressure for developing countries to grow more rapidly, there is often a concomitant call for cuts in defense expenditures to finance new projects. Recently it has been suggested that defense spending may play a positive role rather than the usually perceived negative role in economic development. The link between defense and development is not clear, however. As was recently noted, while military spending has risen 63% between 1970 and 1979, " ... no clear agreement has emerged about the nature and extent of their economic impact. "
Refereed Journal Article
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