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What is Military Expenditure, Investment and Growth: Defence and Peace Economics about?

This paper examines the relationship between military expenditure, investment, and economic growth, highlighting the lack of consensus in existing literature. It utilizes an extensive dataset from SIPRI covering 1960-2014 to analyze the interaction between these variables, concluding that there is no strong evidence supporting a direct link between military spending and either investment or growth. The authors emphasize the importance of considering the investment channel and the complexities of econometric

Author

grgmarques90

Language

EN