2012
DOI: 10.1016/j.ejpoleco.2012.07.002
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Military expenditure and economic growth: A meta-analysis

Abstract: Meta analysis is conducted to review 32 empirical studies with 169 estimates to find the combined overall effect of military expenditure on economic growth. Using a meta fixed and random effects and regression analysis, our results show that there exists a "genuine" net effect of military expenditure on economic growth. The net combined effect is positive, and the magnitude is very small. The main sources of study-to-study variation in the findings of military expenditure and economic growth literature are att… Show more

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Cited by 205 publications
(102 citation statements)
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References 70 publications
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“…This approach has been used in various metaanalyses to deal with the issues of data dependence (see e.g., Alptekin and Levine, 2012;Bateman and Jones, 2003;De Dominicis et al, 2008). Moreover, using results from likelihood ratio tests, which compare MLM to the standard OLS, we confirm that the MLM in the case of our dataset is preferred to OLS.…”
Section: Figures 1 To 3]supporting
confidence: 51%
“…This approach has been used in various metaanalyses to deal with the issues of data dependence (see e.g., Alptekin and Levine, 2012;Bateman and Jones, 2003;De Dominicis et al, 2008). Moreover, using results from likelihood ratio tests, which compare MLM to the standard OLS, we confirm that the MLM in the case of our dataset is preferred to OLS.…”
Section: Figures 1 To 3]supporting
confidence: 51%
“…shown to impact on economic growth and development, as well as other economic variables such as international debt or corruption (see for example, Dunne et al, 2005;Collier and Hoeffler, 2006;Aizenman and Glick, 2006;Lin and Ali, 2009;Pieroni, 2009;Smyth and Narayan, 2009;Heo, 2010;Dunne and Smith, 2010;Alptekin and Levine, 2011;Kollias and Paleologou, 2013). Moreover, research has found that there may exist a trade-off between spending on the military and other areas such as health and education, the so-called guns-vs.-butter trade-off (see for example, Russet 1969;Deger 1985;Palmer 1990).…”
Section: Studying Military Expenditures Is Important For Many Reasonsmentioning
confidence: 99%
“…Power is embedded in the relationships that shape how one person or organization has more control over something than others (Alsop, 2004). The central argument has been on the influence of an individual or group over others, which could elicit a change in behavior or social orientations as an effect of such practice.…”
Section: Development Process Design and Participationmentioning
confidence: 99%
“…This resulted into the ruining the project facilities, and there was no interventions from the responsible institutions. It could be argued that good governance of the formal and informal institutions is a key ingredient to sustainability of the CBWP, Jonathan Fox cited by Alsop (2004) uses four examples of rural development programs in Mexico to show that programs are most successful where social organizations have the capacity and willingness to participate, and where functions within formal implementing agencies (both at the top and middle levels) are willing to take risks in partnering with social organizations.…”
Section: Governancementioning
confidence: 99%
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