The Influence of the Financial Crisis on the Defense Budget and Military Expenditure

• Main Authors: Huang, Chienchung, 黃建中
• Other Authors: Chen, Meihui
• Format: Others
• Language: zh-TW
• Published: 2011
• Online Access: http://ndltd.ncl.edu.tw/handle/58361932592259163790

碩士 === 國防大學管理學院 === 財務管理學系 === 99 === In 2008, the World Financial Crisis caused the disturbance of the international financial markets. Each government of the world offered some cases of relieving the markets. And the most of the countries tried to reduce the budget of the national defense. However, in order to maintain the national benefits and security, the development of the military should keep working. So this research primarily discuss that “Would the financial crisis affect the national budgets and the military expenditure?” This research investigates the samples of fifteen countries of the East Asia and G7. And we also use ARDL cointegation models to look up the effects and relations of the national economical development with the budget or the expenditure of the national defense with the strategy of dealing with each period of the financial crisis. The result of the empirical study presents the negative effects of the military expenditure of some countries from the financial crisis is significant, but the else is not. The reasons of the difference are the affection of the Budget Crowd-out Effects from the geographical environment, economic strategies and the conflicts from inside or outside of the countries.