Military Expenditure

1991/05/01 by Daniel Hewitt · 1 citation
Economics, Econometrics and Finance · #Defense, Military, and Policy Studies #Economic Growth and Productivity #Fiscal Policy and Economic Growth

paper · doi:10.5089/9781451847291.001

openalex publication_date 1991/05/01 · openalex created_date 2025/10/10 · openalex updated_date 2026/07/29

Abstract

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.

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• Military Expenditures Worldwide: Determinants and Trends, 1972–1988

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