政大機構典藏-National Chengchi University Institutional Repository(NCCUR):Item 140.119/78233

English | 正體中文 | 简体中文 | Post-Print筆數 : 27 | Items with full text/Total items : 112704/143671 (78%)
Visitors : 49718522 Online Users : 528

RC Version 6.0 © Powered By DSPACE, MIT. Enhanced by NTU Library IR team.

Home ‧ Login ‧ Upload ‧ Help ‧ About ‧ Administer

政大機構典藏 > 商學院 > 國際經營與貿易學系 > 期刊論文 > Item 140.119/78233

Please use this identifier to cite or link to this item: https://nccur.lib.nccu.edu.tw/handle/140.119/78233

Title:	MILITARY SPENDING, THREATS AND STOCHASTIC GROWTH
Authors:	Lin, Po-Sheng;Lee, Cheng-Te 林柏生
Contributors:	國貿系
Date:	2012-01
Issue Date:	2015-09-03 14:56:45 (UTC+8)
Abstract:	ABSTRACT This paper analyses the impact of home military spending and foreign military threat on economic growth in a stochastic endogenous growth model involving the supply-side and demand-side effects produced by military spending. The paper states that an increase in home military spending affects economic growth through three channels, including the crowding-out effect, the spin-off effect, and the resource mobilization effect. The net effect which depends on these three channels is ambiguous. Hence, we demonstrate that there exists an optimal defence burden that maximizes the economic growth rate. Furthermore, the optimal defence burden depends on the degree of risk preference. Namely, the optimal defence burden of the risk-loving agent is more than that of the risk-neutral agent, and in turn is more than that of the risk-averse agent. At the same time, we prove that the relationship between the volatility in military spending and economic growth also depends on the degree of risk preference. In addition, we show that greater volatility in foreign military spending leads to a decrease in home aggregate consumption, and hence speeds up economic growth in the home country.
Relation:	Bulletin of Economic Research, 64(1), 8-19
Data Type:	article
DOI 連結:	http://dx.doi.org/10.1111/j.1467-8586.2010.00368.x
DOI:	10.1111/j.1467-8586.2010.00368.x
Appears in Collections:	[國際經營與貿易學系 ] 期刊論文

Files in This Item:

File	Description	Size	Format
8-19.pdf		106Kb	Adobe PDF2	681	View/Open

社群 sharing

著作權政策宣告 Copyright Announcement

1.本網站之數位內容為國立政治大學所收錄之機構典藏，無償提供學術研究與公眾教育等公益性使用，惟仍請適度，合理使用本網站之內容，以尊重著作權人之權益。商業上之利用，則請先取得著作權人之授權。
The digital content of this website is part of National Chengchi University Institutional Repository. It provides free access to academic research and public education for non-commercial use. Please utilize it in a proper and reasonable manner and respect the rights of copyright owners. For commercial use, please obtain authorization from the copyright owner in advance.

2.本網站之製作，已盡力防止侵害著作權人之權益，如仍發現本網站之數位內容有侵害著作權人權益情事者，請權利人通知本網站維護人員(nccur@nccu.edu.tw)，維護人員將立即採取移除該數位著作等補救措施。
NCCU Institutional Repository is made to protect the interests of copyright owners. If you believe that any material on the website infringes copyright, please contact our staff(nccur@nccu.edu.tw). We will remove the work from the repository and investigate your claim.

Loading...