Military expenditure, institutions and conflict

• Main Author: Alptekin, Aynur
• Published: University of Surrey 2008
• Subjects: 355.622
• Online Access: http://ethos.bl.uk/OrderDetails.do?uin=uk.bl.ethos.493216

The aim of the thesis is to examine and estimate the effects of military expenditure, institutions and conflict on economic development. The military expenditure and economic growth nexus is re-analysed in the context of threat and security dimensions. In particular the proposed empirical model is a non-linear one that is characterised by the external and internal threat levels. The findings are that when the internal and external threat levels are below threshold values, a rise in military expenditure results in a fall in growth. Conversely, when the external and internal threat levels are higher than threshold values, a rise in military expenditure results in a rise in growth.