Military Spending, the Peace Dividend, and Fiscal Adjustment /

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 s...

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Hlavní autor: Clements, Benedict
Další autoři: Davoodi, Hamid, Debaere, Peter, Schiff, Jerald
Médium: Časopis
Jazyk:English
Vydáno: Washington, D.C. : International Monetary Fund, 1999.
Edice:IMF Working Papers; Working Paper ; No. 1999/087
On-line přístup:Full text available on IMF
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Shrnutí: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.
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Fyzický popis:1 online resource (32 pages)
Médium:Mode of access: Internet
ISSN:1018-5941
Přístup:Electronic access restricted to authorized BRAC University faculty, staff and students