Economic Consequences of Lower Military Spending : Some Simulation Results

Some Simulation Results

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 substantial, particularly for developing... READ MORE...

Publication date: March 1993
ISBN 9781451843460
$15.00

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