Military Spending and Economic Growth

Projektleitung und Mitarbeiter

Wiegert, R. (Akad. Dir. Dr. rer. pol., Dipl. Math.), gemeinsam mit: Maneval, H. (Prof. Dr. rer. pol., Hochschule der Bundeswehr Muenchen), Rautsola, P. (Dr. rer. pol., Hochschule der Bundeswehr Muenchen)

Forschungsbericht : 1990-1992

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Projektbeschreibung

There is a sizeable theoretical and empirical literature on the relation between defense spending and important macro-economic variables, but a lack of specific models. In an interesting study published in 1984, Cappelen, Gleditsch & Bjerkholt (CGB) developed a theoretical model consisting of three equations, and tested it empirically for seventeen OECD countries in the period 1960-81. This study focuses on a representation of this relationship for a comparable CGB model with the help of a homogeneous group of four neutral European nations. Estimation of structural parameters of the econometric model was conducted on the basis of time-series for the period 1960-87. The influences of defense spending on growth are not always significant and empirically evident in the estimation of models which are reduced to the seemingly main influences within the frame of longitudinal data.

Mittelgeber

Drittmittelfinanzierung: VW-Stiftung

Publikationen

Maneval, H., Rautsola, P., Wiegert, R.: Military spending and economic growth: A comment on Cappelen, Gleditsch and Bjerkholt. - J. Peace Res. 28,

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