Paying for Security

The Security-Prosperity Dilemma in the United States

Bibliographic Data

ID6284794
AuthorsUk Heo (0000-0001-7416-6175, University of Wisconsin–Milwaukee), Robert J Eger (0000-0002-3847-2922, Georgia State University)
Year2005
Volume49
Issue5
Pages792-817
Publication date2005-10-01
Peer ReviewedYes
Open AccessYes
TypeARTICLE
VenueJournal of Conflict Resolution (JOURNAL)
Journal identifiersISSN: 0022-0027 • E-ISSN: 1552-8766
PublisherSAGE Publications Inc (PUBLISHER)
DOI10.1177/0022002705279365
OpenAlexW2070466857
LanguageEN
Citations received9
References cited52

To investigate the direct and indirect effects of defense spending on economic growth, the authors develop a multilink (via investment, employment, and exports) defense-growth model and test it with U.S. data for the time period from 1951 to 2000. By doing so, they advance previous scholarship on the indirect effects of the defense-growth trade-off through both a theoretical and empirical investigation of multiple indirect channels. Using a nonlinear four-sector production function model that incorporates labor, capital, technology, and exports, they test the direct and indirect impacts of defense spending on growth. Defense spending has a negative, indirect effect on economic growth via investment and export while the direct impact on growth seems to be rather small. Nonmilitary government spending has economic effects on growth that are similar to those associated with military spending

Economics · Foreign direct investment · Government (linguistics · Government spending · Growth model · Indirect effect · International economics · Investment (military · Labour economics · Macroeconomics · Market economy · Monetary economics · Production (economics · Production function · Welfare · Defense, Military, and Policy Studies · Fiscal Policy and Economic Growth · Military and Defense Studies

Tools

Open DOISci-Hub