Military Spending and Stochastic Growth: A Small Open Economy

被引：0
|
作者：
Lee, Cheng-te [1 ]
Wu, Shang-fen [2 ]
机构：
[1] Chinese Culture Univ, Dept Int Trade, Taipei 11114, Taiwan
[2] Chinese Culture Univ, Dept Int Business, Taipei 11114, Taiwan
来源：
ECONOMICS BULLETIN | 2015年 / 35卷 / 04期
关键词：
D O I：
暂无
中图分类号：
F [经济];
学科分类号：
02 ;
摘要：
In a stochastic endogenous growth model, the effects of military spending on economic growth are explored. In addition to the traditional crowding-out effect, we show that the portfolio effect also plays an importance role in determining growth rate in a small open economy. We find that there exists a non-linear relationship between the defense burden and the economic growth.
引用
收藏
页码：2026 / 2036
页数：12
相关论文
共 50 条
12345