The impact of military burden on long-run growth and welfare

被引：59

作者：

Shieh, JY

Lai, CC ^{[1
]}

Chang, WY

机构：

[1] Acad Sinica, Sun Yat Sen Inst Social Sci & Philosophy, Taipei 115, Taiwan

[2] Chinese Culture Univ, Dept Econ, Taipei 111, Taiwan

[3] Acad Sinica, Inst Econ, Taipei 115, Taiwan

[4] Natl Taiwan Univ, Dept Econ, Taipei 100, Taiwan

[5] Chinese Culture Univ, Dept Econ, Taipei 111, Taiwan

来源：

JOURNAL OF DEVELOPMENT ECONOMICS | 2002年 / 68卷 / 02期

关键词：

endogenous growth; military spending; welfare;

D O I：

10.1016/S0304-3878(02)00022-6

中图分类号：

F [经济];

学科分类号：

02 ;

摘要：

This paper presents an endogenous growth model to examine how a government's resource allocation between the defense and non-defense sectors will govern both economic growth and social welfare. We demonstrate that there exists an optimal defense expenditure share that maximizes the economic growth rate, but this rate is smaller than the welfare-maximizing share. This result can be viewed as a possible vehicle to explain why in many developing countries arms limitation and disarmament negotiations usually have low performance (even failing). (C) 2002 Elsevier Science B.V. All rights reserved.

引用

页码：443 / 454

页数：12

共 32 条

[1]

[Anonymous], J POLIT ECON

[2]

Barro R., 1995, EC GROWTH

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