Munich Personal RePEc Archive

Political Decisions, Defence and Growth

Erdogdu, Oya Safinaz (2006): Political Decisions, Defence and Growth.

[img]
Preview
PDF
MPRA_paper_2520.pdf

Download (103Kb) | Preview

Abstract

Considering the importance of military expenditures on political and economical success of a government, this empirical study analyzes the relations between political stability, economic growth and military expenditures. Based on the theoretical model developed by Blomberg (1996), the vector autoregression analyzes results for a democratic country indicates the significance of military expenditures on political stability and private sector investment decisions.

UB_LMU-Logo
MPRA is a RePEc service hosted by
the Munich University Library in Germany.