Military Expenditures 1972-1990 : The Reasons Behind the Post-1985 Fall in World Military Spending »
Series: IMF Working Papers
Author(s): Daniel Hewitt
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 01 March 1993
World military expenditures have fallen by over 20 percent in proportion to GDP from 1985 to 1990. This study examines the determinants of military expenditures in 125 countries during 1972-90 to ascertain what fac...