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    Please use this identifier to cite or link to this item: http://nccur.lib.nccu.edu.tw/handle/140.119/78492

    Title: Military Threats and Growth: A Small Open Stochastic Growth Model
    Authors: Lee, Cheng-Te;Lin, Po-Sheng
    Contributors: 國貿系
    Keywords: Economic Growth;Growth;Military
    Date: 2012-07
    Issue Date: 2015-09-15 14:52:27 (UTC+8)
    Abstract: This paper sets up a small open stochastic endogenous growth model to analyze the impact of foreign military threats on the home long-run economic growth rate and welfare. We prove that, in addition to the intertemporal substitution elasticity in consumption, whether the home country is a net creditor or not is also an important factor in determining the growth effect and the welfare effect of foreign military threats. We find that if the home country is a net creditor, the relationship between foreign military threats and the home long-run economic growth rate is positive. On the contrary, if the home country is a net debtor, the effect of foreign military threats on the home long-run economic growth rate is negative.
    Relation: Journal of Economics and Management, 8(2), 259-282
    Data Type: article
    Appears in Collections:[國際經營與貿易學系 ] 期刊論文

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