The Impact of Worldwide Military Spending Cutson Developing Countries /

This paper investigates the economic impact of a coordinated reduction in military expenditures of 20 percent using a specially modified version of the MULTIMOD world economic model. Simulation results indicate that in developing countries the present value of consumption increases by 46 percent of...

Full description

Bibliographic Details
Main Author: Symansky, Steven
Other Authors: Bayoumi, Tamim, Hewitt, Daniel
Format: Journal
Language:English
Published: Washington, D.C. : International Monetary Fund, 1993.
Series:IMF Working Papers; Working Paper ; No. 1993/086
Online Access:Full text available on IMF