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| Titel: |
US Military Expenditures and Economic Growth: Some Evidence from Spectral Methods |
| Auteur: |
Gerace, Michael P. |
| Verschenen in: |
Defence & peace economics |
| Paginering: | Jaargang 13 (2002) nr. 1 pagina's 1-11 |
| Jaar: |
2002 |
| Inhoud: |
There is not much consensus on what the relationship is between military expenditures and economic growth. One argument is that military expenditures have a positive impact on growth because they are used as a fiscal policy too. The other hypothesis is that military expenditures have a negative impact on growth. Neither argument is consistent with the results reported here. This paper conducts a spectral analysis on the growth rates of real military and non-military US government expenditures and GDP from 1951-1997. The results suggest that, while non-military spending does move counter-cyclically with real GDP growth rates, military spending does not. |
| Uitgever: |
Routledge |
| Bronbestand: |
Elektronische Wetenschappelijke Tijdschriften |
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