01941cas a2200265 a 4500 AALejournalIMF008914 230101c9999 xx r poo 0 0eng d 5.00 USD 9781451850802 1018-5941 BD-DhAAL BD-DhAAL Symansky, Steven. The Impact of Worldwide Military Spending Cutson Developing Countries / Steven Symansky, Tamim Bayoumi, Daniel Hewitt. Washington, D.C. : International Monetary Fund, 1993. 1 online resource (38 pages) IMF Working Papers <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students This paper investigates the economic impact of a coordinated reduction in military expenditures of 20 percent using a specially modified version of the MULTIMOD world economic model. Simulation results indicate that in developing countries the present value of consumption increases by 46 percent of 1992 GDP, compared to military expenditures cuts, in present value terms, of 33 percent of 1992 GDP. The gains reflect both the release of domestic resources and a positive international economic externality due to enhanced trade and lower world interest rates. Accordingly, the net debtor developing country gains exceed those of industrial countries. Examination of individual developing country economies confirms the significance of the external trade effect on the pattern and level of gains. Mode of access: Internet Bayoumi, Tamim. Hewitt, Daniel. IMF Working Papers; Working Paper ; No. 1993/086 Full text available on IMF http://elibrary.imf.org/view/journals/001/1993/086/001.1993.issue-086-en.xml IMF e-Library