Military Expenditure: Econometric Testing of Economic and Political Influences
Summary:
Econometric results from an analysis of the determinants of military expenditure in 125 countries during 1972-88 are presented. The dependent variable is the ratio of military expenditure to GDP; included among the explanatory variables are economic and financial indicators, political variables summarizing the form of government, and demographic and geographic features of nations. The results strongly confirm the importance of these variables in explaining cross-country differences in levels of military expenditure.
Series:
Working Paper No. 1991/053
Subject:
Budget planning and preparation Central government spending Defense spending Expenditure Population and demographics Public financial management (PFM)
Notes:
Econometric results from an analysis of the determinants of military expenditure in 125 countries during 1972-88 are presented.
English
Publication Date:
May 1, 1991
ISBN/ISSN:
9781451847291/1018-5941
Stock No:
WPIEA0531991
Pages:
37
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