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Another look at growth and defense in less-developed countries

Journal Article · · Econ. Dev. Cult. Change; (United States)
DOI:https://doi.org/10.1086/451326· OSTI ID:6487031
Lim challenges evidence showing that defense spending encouraged the economic growth of 44 less-developed countries (LDCs) over the 1950-65 periods by reexamining the relationship between defense and growth for 54 LDCs over the 1965-73 period. Regional analyses cover 21 African, 13 Western Hemisphere, 11 Asian, and 9 Middle Eastern and Southern European LDCs. The results show that defense spending was detrimental to economic growth, although adverse effects that were marked in Africa and the Western Hemisphere were absent in Asia, the Middle East, and southern Eurpoe. 4 references, 2 tables.
OSTI ID:
6487031
Journal Information:
Econ. Dev. Cult. Change; (United States), Journal Name: Econ. Dev. Cult. Change; (United States) Vol. 31:2; ISSN EDCCA
Country of Publication:
United States
Language:
English