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Military Spending The Peace Dividend And Fiscal Adjustment
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Book Synopsis Military Spending, the Peace Dividend, and Fiscal Adjustment by : Mr.Benedict J. Clements
Download or read book Military Spending, the Peace Dividend, and Fiscal Adjustment written by Mr.Benedict J. Clements and published by International Monetary Fund. This book was released on 1999-07-01 with total page 33 pages. Available in PDF, EPUB and Kindle. Book excerpt: The end of the Cold War has ushered in significant changes in worldwide military spending. This paper finds that the easing of (1) international tensions, (2) regional tensions, and (3) the existence of IMF-supported programs are related to lower military spending and a higher share of nonmilitary spending in total government outlays. These factors account for up to 66 percent, 26 percent, and 11 percent of the decline in military spending, respectively. Furthermore, fiscal adjustment has implied a larger cut in military spending of countries with IMF-supported programs.
Book Synopsis Military Spending, the Peace Dividend, and Fiscal Adjustment by : Hamid R. Davoodi
Download or read book Military Spending, the Peace Dividend, and Fiscal Adjustment written by Hamid R. Davoodi and published by . This book was released on 2006 with total page 32 pages. Available in PDF, EPUB and Kindle. Book excerpt: The end of the Cold War has ushered in significant changes in worldwide military spending. This paper finds that the easing of (1) international tensions, (2) regional tensions, and (3) the existence of IMF-supported programs are related to lower military spending and a higher share of nonmilitary spending in total government outlays. These factors account for up to 66 percent, 26 percent, and 11 percent of the decline in military spending, respectively. Furthermore, fiscal adjustment has implied a larger cut in military spending of countries with IMF-supported programs.
Book Synopsis The Peace Dividend by : Delano Villanueva
Download or read book The Peace Dividend written by Delano Villanueva and published by International Monetary Fund. This book was released on 1995-05-01 with total page 40 pages. Available in PDF, EPUB and Kindle. Book excerpt: Although conventional wisdom suggests that reducing military spending may improve a country’s economic growth performance, empirical studies have produced ambiguous results. This paper extends a standard growth model and estimates it using techniques that exploit both cross-section and time-series dimensions of available data to obtain consistent estimates of the growth-retarding effects of military spending via its adverse impact on capital formation and resource allocation. Model simulations suggest that a substantial long-run “Peace Dividend”--in the form of higher capacity output--may result from: (i) markedly lower military expenditure levels achieved in most regions during the late 1980s; and (ii) further military spending cuts that would be possible in the future if a global peace could be secured.
Book Synopsis The Peace Dividend by : Malcolm Knight
Download or read book The Peace Dividend written by Malcolm Knight and published by . This book was released on 1995 with total page 36 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Budget Policy, Deficits, and Defense by : Dennis S. Ippolito
Download or read book Budget Policy, Deficits, and Defense written by Dennis S. Ippolito and published by Strategic Studies Institute. This book was released on 2005 with total page 56 pages. Available in PDF, EPUB and Kindle. Book excerpt: The author focuses on the spending policy, deficit and debt, and retirement and healthcare entitlement dynamics that will make it difficult, if not impossible, to fund current defense plans. Transformational strategies, he concludes, must be adjusted to lower and more volatile future spending levels. The most important adjustment is to shift spending priorities to readiness and traditional modernization needs that are more urgent in terms of capabilities than transformational technologies, as well as more predictable and controllable in terms of costs.
Book Synopsis Defense Spending And Economic Growth by : James E. Payne
Download or read book Defense Spending And Economic Growth written by James E. Payne and published by Routledge. This book was released on 2019-03-13 with total page 234 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book examines the impact defense spending has on economic growth. While defense spending was not deliberately invented as a fiscal policy instrument, its importance in the composition of overall government spending and thus in determining employment is now easily recognized. In light of the collapse of the Soviet Union and the consequent reduction in the threat to the security of the United States, maintaining defense spending at the old level seems indefensible. The media has concentrated on the so-called peace dividend. However, as soon as the federal government is faced with defense cuts, it realizes the macroeconomic ramifications of such a step. Based on studies included in this volume, we examine the effects of defense spending on economic growth and investigate how the changed world political climate is likely to alter the importance and pattern of defense spending both for developed and developing countries.
Book Synopsis Exploding the Myth? by : Derek Braddon
Download or read book Exploding the Myth? written by Derek Braddon and published by Routledge. This book was released on 2014-02-25 with total page 320 pages. Available in PDF, EPUB and Kindle. Book excerpt: From a cold war peak of some $1000 billion per annum, world military expenditure has declined by about 40% since 1990, reaching its lowest level for thirty years. With such significant decline in global public expenditure committments to the defence sector, a substantial and lasting peace dividend was anticipated. Most governments believed that market forces, left more or less to their own devices, would deal effectively with this major exogenous shock and generate sufficient new economic activity to allow increased public expenditure on health, education and welfare. The approach of this book is to challenge the fundamental but flawed belief that a substantial and lasting peace dividend could be secured through market solution alone. The principal assertion is that market adjustment by itself cannot deliver such a dividend.The book focuses on the major aspects of the economic, business and security consequences of post Cold War defence expenditure reduction. Key problems obstructing optimal market response are identified and possible remedial action by government and others is considered.
Book Synopsis Adjustments of the U.S. Economy to Reductions in Military Spending by : United States. Arms Control and Disarmament Agency
Download or read book Adjustments of the U.S. Economy to Reductions in Military Spending written by United States. Arms Control and Disarmament Agency and published by . This book was released on 1970 with total page 624 pages. Available in PDF, EPUB and Kindle. Book excerpt: The purpose of the study is to review the likely impact of reduced military expenditures on the economy of the United States and to identify some of the more pressing problems which may be encountered in the shift of resources from military to non-military uses. (Author).
Book Synopsis The Peace Dividend: Military Spending Cuts and Economic Growth by : Norman Loayza
Download or read book The Peace Dividend: Military Spending Cuts and Economic Growth written by Norman Loayza and published by . This book was released on 1999 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: February 1996 Empirical results suggest that lower military spending in the late 1980s -- plus further cuts in military spending should global peace be secured -- could produce a substantial long-term peace dividend in higher capacity output. Conventional wisdom suggests that reducing military spending may improve a country's economic growth, but empirical studies have produced ambiguous results on this point. Extending a standard growth model, Knight, Loayza, and Villanueva exploit both cross-section and time-series dimensions of available data to get consistent estimates of the growth-retarding effects of military spending. Military spending is growth-retarding because of its adverse impact on capital formation and resource allocation. Model simulation results suggest a substantial long-term peace dividend -- in the form of higher capacity output per capita -- that may result from (1) markedly lower military spending in most regions in the late 1980s and (2) future cuts in military spending if global peace is secured. This paper -- a joint product of the Macroeconomics and Growth Division, Policy Research Department, and the International Monetary Fund -- is part of a larger effort to understand the link between policies and growth.
Book Synopsis Worldwide Military Spending, 1990-1995 by : Mr.Benedict J. Clements
Download or read book Worldwide Military Spending, 1990-1995 written by Mr.Benedict J. Clements and published by International Monetary Fund. This book was released on 1996-06-01 with total page 42 pages. Available in PDF, EPUB and Kindle. Book excerpt: The decline in military spending that began in the mid-1980s continued through 1995, and this decline was widespread both geographically and by level of development. Cuts in military spending appear to have potentially important implications for nonmilitary spending and fiscal adjustment. In contrast to findings for previous periods, military spending has declined more than proportionately in those countries that have reduced total spending. Countries with Fund programs have reduced military spending more sharply than other developing countries, largely reflecting outcomes in the transition economies. Further, military spending appears to have been less resilient in program countries than other developing countries.
Author :Committee for Economic Development. Research and Policy Committee Publisher : ISBN 13 : Total Pages :58 pages Book Rating :4.:/5 (321 download)
Book Synopsis The Economy and National Defense by : Committee for Economic Development. Research and Policy Committee
Download or read book The Economy and National Defense written by Committee for Economic Development. Research and Policy Committee and published by . This book was released on 1991 with total page 58 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author :Members of Congress for Peace through Law. Military Spending Committee Publisher :Greenwood ISBN 13 : Total Pages :290 pages Book Rating :4.F/5 ( download)
Book Synopsis The Economics of Defense by : Members of Congress for Peace through Law. Military Spending Committee
Download or read book The Economics of Defense written by Members of Congress for Peace through Law. Military Spending Committee and published by Greenwood. This book was released on 1971 with total page 290 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Winning at Peace by : Blake A. Strack
Download or read book Winning at Peace written by Blake A. Strack and published by . This book was released on 1992 with total page 238 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis The Political Economy of Defense Spending Around the World by : Uk Heo
Download or read book The Political Economy of Defense Spending Around the World written by Uk Heo and published by . This book was released on 1999 with total page 170 pages. Available in PDF, EPUB and Kindle. Book excerpt: With the end of the Cold War, one question that interests both scholars and policy makers alike is how defence cutbacks will affect economic performance. This text provides a review of the existing literature and addresses the issue of the peace dividend in an empirical analysis of 80 countries
Book Synopsis Military Spending, the Peace Dividend, and Fiscal Adjustment by : Hamid Reza Davoodi
Download or read book Military Spending, the Peace Dividend, and Fiscal Adjustment written by Hamid Reza Davoodi and published by . This book was released on 1999 with total page 40 pages. Available in PDF, EPUB and Kindle. Book excerpt: Presents a theoretical model for analyzing the relationship between military and overall government spending and finds that the easing of international tensions, regional tensions, and the existence of IMF-supported programs are related to lower military spending and a higher share of nonmilitary spending in total government outlays.
Author :International Monetary Fund. Research Dept. Publisher :International Monetary Fund ISBN 13 :1451974256 Total Pages :208 pages Book Rating :4.4/5 (519 download)
Book Synopsis IMF Staff Papers, Volume 48, No. 2 by : International Monetary Fund. Research Dept.
Download or read book IMF Staff Papers, Volume 48, No. 2 written by International Monetary Fund. Research Dept. and published by International Monetary Fund. This book was released on 2001-12-12 with total page 208 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper analyzes the link between product variety and economic growth. It finds support for the hypothesis that a greater degree of product variety relative to the United States helps to explain relative per capita GDP levels. The paper presents an empirical study for South Africa, which indicates that there exists a stable money demand type of relationship among domestic prices, broad money, real income, and interest rates, as well as a long-term relationship among domestic prices, foreign prices, and the nominal exchange rate.
Book Synopsis Fiscal Policy and Development by : Vitor Gaspar
Download or read book Fiscal Policy and Development written by Vitor Gaspar and published by International Monetary Fund. This book was released on 2019-01-23 with total page 45 pages. Available in PDF, EPUB and Kindle. Book excerpt: The goal of this paper is to estimate the additional annual spending required for meaningful progress on the SDGs in these areas. Our estimates refer to additional spending in 2030, relative to a baseline of current spending to GDP in these sectors. Toward this end, we apply an innovative costing methodology to a sample of 155 countries: 49 low- income developing countries, 72 emerging market economies, and 34 advanced economies. And we refine the analysis with five country studies: Rwanda, Benin, Vietnam, Indonesia, and Guatemala.
