Military Expenditure : Econometric Testing of Economic and Political Influences

Military Expenditure : Econometric Testing of Economic and Political Influences
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Volume/Issue:
1991/53
Series:
IMF Working Papers
Author(s):
Daniel Hewitt
Publisher:
INTERNATIONAL MONETARY FUND
Published Date:
May 1991
DOI:
http://dx.doi.org/10.5089/9781451847291.001
ISBN:
9781451847291
ISSN:
1018-5941
Page:
37
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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