Military Expenditure: Econometric Testing of Economic and Political Influences

Description

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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Other editions

• 

  Military Expenditure: International Comparison of Trends

  • 1991-05-01
  • 52 pages
  • Paperback
  • International Monetary Fund
• 

  Military Expenditure: The Political Economy of International Security

  • 1990
  • 186 pages
  • Paperback
  • Oxford University Press on Demand

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