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Technology of military conflict, military spending, and war

✍ Scribed by Sung-Ha Hwang

Book ID
113751900
Publisher
Elsevier Science
Year
2012
Tongue
English
Weight
389 KB
Volume
96
Category
Article
ISSN
0047-2727

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This study examines capital accumulation, military spending, arms accumulation, and output growth in a stochastic endogenous growth model. The analysis shows that higher (lower) growth in foreign military spending leads to faster (slower) economic growth in the home country if the home country's int