Economic Consequences of Lower Military Spending : Some Simulation Results /

The IMF MULTIMOD model is used to trace the economic impact of a 20 percent reduction in world military expenditures. GDP falls in the short run, however private consumption and investment rise, leading to an increase in GDP in the medium and long run. The estimated gains to economic welfare are sub...

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Chi tiết về thư mục
Tác giả chính: Schiff, Jerald
Tác giả khác: Bayoumi, Tamim, Hewitt, Daniel
Định dạng: Tạp chí
Ngôn ngữ:English
Được phát hành: Washington, D.C. : International Monetary Fund, 1993.
Loạt:IMF Working Papers; Working Paper ; No. 1993/017
Truy cập trực tuyến:Full text available on IMF