| ID | 112389 |
| Title Proper | U.S. troops and foreign economic growth |
| Language | ENG |
| Author | Jones, G ; Kane, T |
| Publication | 2012. |
| Summary / Abstract (Note) | Do American troops help or hinder economic growth in other countries? We consider a newly constructed dataset of the deployment of U.S. troops over the years 1950-2000 and discover a positive relationship between deployed troops and host country economic growth, which is robust to multiple control variables. Each tenfold increase in U.S. troops is associated with a one-third percentage point increase in average host country annual growth. We explore three possible causal explanations: a Keynesian aggregate demand boost; the diffusion of institutions; and security. Extensive econometric testing, including the use of panel data, confirms the core relationship. |
| `In' analytical Note | Defence and Peace Economics Vol. 23, No.3; Jun 2012: p.225-249 |
| Journal Source | Defence and Peace Economics Vol. 23, No.3; Jun 2012: p.225-249 |
| Key Words | Economic Growth ; US Military ; National Security ; Econometric Regressions |