A Note on Defense Budgets and Economic Growth: Developing Countries in the 1980s
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Authors
Fredericksen, Peter C.
Looney, Robert E.
Subjects
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Date of Issue
1995
Date
1995
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Abstract
This paper examines how investment, the military burden, and military expenditures as a share of
the central government budget have affected economic growth for a sample of developing
countries in the 1980s. Factor analysis and discriminant analysis are used to separate the
countries into two samples. The model which we estimate indicates that defense expenditures
differ among groups of countries as to how these expenditures affect growth. In the group of
countries which are relatively militarized, growth is independent of the defense burden. For the
low militarized group it appears that the higher the defense burden the higher the growth. For a
few countries within this group, increased shares of the central budget allocated to defense seems
to spur growth.
Type
Article
Description
Journal of International and Comparative Economics, Volume 4, pp. 115-120, 1995.
Refereed Journal Article
Refereed Journal Article
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Citation
Fredericksen, P.C. and Looney, R.E., "A Note on Defense Budgets and Economic Growth: Developing Countries in the 1980s," Journal of International and Comparative Economics, 1995.
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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.