Defense Expenditures, Economic Growth, and the “Peace Dividend”
- 1 December 1990
- journal article
- Published by Cambridge University Press (CUP) in American Political Science Review
- Vol. 84 (4) , 1283-1293
- https://doi.org/10.2307/1963264
Abstract
Recent developments in Eastern Europe have created expectations of a "peace dividend" associated with reduced levels of U.S. defense expenditures. We present and empirically estimate a two-equation model for assessing the direct and indirect, immediate and delayed effects of changes in defense spending on economic growth in the United States.Keywords
This publication has 23 references indexed in Scilit:
- Introduction to the Theory and Practice of Econometrics.Journal of the American Statistical Association, 1988
- Defense Burdens, Capital Formation, and Economic GrowthJournal of Conflict Resolution, 1988
- Review Essay : Armaments and Economic Performance in Industrialized Market EconomiesJournal of Peace Research, 1984
- The Illusion of Choice: Defense and Welfare in Advanced Industrial Democracies, 1948-1978American Political Science Review, 1983
- Estimating Regression Models of Finite but Unknown OrderInternational Economic Review, 1981
- Investment in the 1970s: Theory, Performance, and PredictionBrookings Papers on Economic Activity, 1979
- Estimating the Dimension of a ModelThe Annals of Statistics, 1978
- Military expenditure and capitalismCambridge Journal of Economics, 1977
- A new look at the statistical model identificationIEEE Transactions on Automatic Control, 1974
- An Efficient Method of Estimating Seemingly Unrelated Regressions and Tests for Aggregation BiasJournal of the American Statistical Association, 1962