Endogenous growth and defense expenditures: A new explanation of the Benoit hypothesis

Defence and Peace Economics

Volumn 13, Issue 3, 2002, Pages 179-186

  Lai, Ching Chong ^c   Shieh, Jhy Yuan ^a   Chang, Wen Ya ^b  

^a CHINESE CULTURE UNIVERSITY   (Taiwan)

^b FU JEN CATHOLIC UNIVERSITY   (Taiwan)

^c NONE

Author keywords

Benoit hypothesis; Defense expenditures; Elasticity of intertemporal substitution; Endogenous growth

Indexed keywords

EID: 0036623496     PISSN: 10242694     EISSN: None     Source Type: Journal    
DOI: 10.1080/10242690210975     Document Type: Article

References (25)

1. Barro, R.J. (1990). Govemment spending in a simple model of endogenous growth. Journal of Political Economy, 98, S103-S125.
2. Barro, R.J. (1991). Economic growth in a cross-section of countries. Qttarterly Journal of Economics, 106, 407-444.
3. Barro, R.J. and Sala-i-Martin, X. (1995). Economic Growth. McGraw-Hill, New York.
4. Benoit, E. (1973). Defense and Economic Growth in Developing Countries. Lexington Books, Lexington, MA.
5. Benoit, E. (1978). Growth and defense in developing countries. Economic Development and Cultural Change, 26, 271-280.
6. Brito, D.L. (1972). A dynamic model of arms race. International Economic Review, 13, 359-375.
7. Bruce, N. and Tumovsky, S.J. (1999). Budget balance, welfare, and the growth rate: "Dynamic scoring" of the long-run govemment budget. Journal of Money, Credit, and Banking, 31, 162-186.
8. Brumm, H.J. (1997). Military spending, government disarray, and economic growth: A cross-country empirical analysis. Journal of Macroeconomics, 19, 827-838.
9. Buiter, W.H. (1984). Saddlepoint problems in continuous time rational expectations models: A general method and some macroeconomic examples. Econometrica, 52, 665-680.
10. Bunneister, E. (1980). On some conceptual issues in rational expectations modeling, Journal of Money, Credit, and Banking, 12, 800-812.
11. Chang, W.Y., Tsai, H.F. and Lai, C.C. (1996). Effects of anticipated foreign military threat on areas accumulation. Southern Economic Journal, 63, 507-514.
12. Deger, S. and Sen, S. (1983). Military expenditure, spin-off and economic development. Journal of Development Economics, 13, 67-83.
13. Deger, S. and Sen, S. (1984). Optimal control and differential game models of military expenditure in less developed countries. Journal of Economic Dynamics and Control, 7, 153-169.
14. Devereux, M.B. and Love, D.R.F. (1995). The dynamic effects of government spending policies in a two-sector endogenous growth model. Journal of Money, Credit, and Banking, 27, 232-256.
15. Faig, M. (1995). A simple economy with human capital: Transitional dynamics, technology shocks, and fiscal policies. Journal of Macroeconomics, 17, 421-446.
16. Futagami, K., Morita, Y. and Shibata, A. (1993). Dynamic analysis of an endogenous growth model with public capital. Scandinavian Journal of Economics, 95, 607-625.
17. King, R.G. and Rebelo, S.T. (1993). Transitional dynamics and economic growth in the neoclassical model. American Economic Review, 83, 908-931.
18. Macnair, E.S., Murdoch, J.C., Pi, C.R. and Sandier, T. (1995). Growth and defense: Pooled estimates for three NATO alliance, 1951-1988, Southern Economic Journal, 61,846-860.
19. Murdoch, J.C., Pi, C.R. and Sandler, T. (1997). The impact of defense and non-defense public spending on growth in Asia and Latin America. Defense and Peace Economics, 8, 205-224.
20. Rebelo, S. (1991). Long-mn policy analysis and long-run growth. Journal of Political Economy, 99, 500-521.
21. Ram, R. (1995). Defense expenditure and economic growth, in Hartley, K., and T. Sandler, ed., Handbook of Defense Economics. 251-273. Amsterdam: Elsevier.
22. Sandler, T. and Hartley, K. (1995). The Economics of Defense. Cambridge University Press, Cambridge.
23. Tumovsky, S.J. (1995). Methods of Macroeconomic Dynamics. MIT Press, Cambridge, MA.
24. Van der Ploeg, F. and Zeeuw, A.J. (1990). Perfect equilibrium in a model of competitive arms accumulation. International Economic Review; 31, 131-146.
25. Zou, H.F. (1995). A dynamic model of capital and arms accumulation. Journal of Economic Dynamics and Control, 19, 371-393.