| Imprint: |
Universitat Autònoma de Barcelona. Departament d'Economia Aplicada 2017 |
| Description: |
26 p. |
| Abstract: |
This paper analyses the impact of participating in a military alliance on the nexus between defence spending and economic growth. In particular, we study how the process of gradual association to a military organization influences the defence spending of new-comers, and consequently their economic growth. Conclusions from the theoretical model are tested empirically for countries in the North Atlantic Treaty Organization. Results show that the prospect of intensified military alliance partnership and membership has a positive effect on economic growth. In addition, increased security and stability gained by closer military cooperation reinforces the positive link with economic growth. Empirical evidence supports theoretical priors. |
| Rights: |
Aquest document està subjecte a una llicència d'ús Creative Commons. Es permet la reproducció total o parcial, la distribució, i la comunicació pública de l'obra, sempre que no sigui amb finalitats comercials, i sempre que es reconegui l'autoria de l'obra original. No es permet la creació d'obres derivades.  |
| Language: |
Anglès |
| Series: |
Departament d'Economia Aplicada. Documents de treball |
| Series: |
Document de treball (Universitat Autònoma de Barcelona. Departament d'Economia Aplicada) ; 1704 |
| Document: |
Working paper |
| Subject: |
Armes i municions ;
Indústria i comerç ;
Organització del Tractat de l'Atlàntic Nord ;
Military alliance ;
Public spending |
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