| ID | 120395 |
| Title Proper | Opportunity cost of defense |
| Other Title Information | an evaluation in the case of France |
| Language | ENG |
| Author | Malizard, Julien |
| Publication | 2013. |
| Summary / Abstract (Note) | The aim of this article is to explore the defense-growth relationship in France. In particular, in the context of the crisis, we would like to compare the effects of military and nonmilitary spending on growth. Our results reveal that this is a complex relationship with a bidirectional causality. In the long run, defense expenditure exerts a positive influence and outperforms the impact of nondefense expenditure. However, an opportunity cost arises in the short run. |
| `In' analytical Note | Defence and Peace Economics Vol. 24, No.3; Jun 2013: p.247-259 |
| Journal Source | Defence and Peace Economics Vol. 24, No.3; Jun 2013: p.247-259 |
| Key Words | French Military Expenditure ; Economic Growth ; Opportunity Cost ; Granger Causality |