Munich Personal RePEc Archive

Military Expenditure and Economic Growth: A Meta-Analysis

Alptekin, Aynur and Levine, Paul (2010): Military Expenditure and Economic Growth: A Meta-Analysis.

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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 attributable to the sample, time periods, and functional forms.

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