IMF Staff papers, Volume 43 No. 1.
This paper extends a standard growth model and obtains consistent panel data estimates of the growth retarding effects of military spending via its adverse impact on capital formation and resource allocation. Simulation experiments suggest that a substantial long-term 'peace dividend'-in t...
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| Format: | Journal |
| Language: | English |
| Published: |
Washington, D.C. :
International Monetary Fund,
1996.
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| Series: | IMF Staff Papers; IMF Staff Papers ;
No. 1996/001 |
| Online Access: | Full text available on IMF |