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Defense Expenditures, Economic Growth, and the “Peace Dividend”

Published online by Cambridge University Press:  01 August 2014

Alex Mintz  and
Chi Huang
Alex Mintz
Affiliation:
Texas A&M University
Chi Huang
Affiliation:
Texas A&M University
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Abstract

Recent developments in Eastern Europe have created expectations of a “peace dividend” associated with reduced levels of U.S. defense expenditures. We present and empirically estimate a two-equation model for assessing the direct and indirect, immediate and delayed effects of changes in defense spending on economic growth in the United States.

Type
Research Note
Information
American Political Science Review , Volume 84 , Issue 4 , December 1990 , pp. 1283 - 1293
Copyright
Copyright © American Political Science Association 1990

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