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...
Gespeichert in:
1. Verfasser: | |
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Format: | Elektronisch E-Book |
Sprache: | English |
Veröffentlicht: |
Washington, D.C
International Monetary Fund
1993
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Schriftenreihe: | IMF Working Papers
Working Paper No. 93/86 |
Online-Zugang: | UBW01 UEI01 LCO01 SBR01 UER01 SBG01 UBG01 FAN01 UBT01 FKE01 UBY01 UBA01 FLA01 UBM01 UPA01 UBR01 FHA01 FNU01 BSB01 TUM01 Volltext |
Zusammenfassung: | 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 1992 GDP, compared to military expenditures cuts, in present value terms, of 33 percent of 1992 GDP. The gains reflect both the release of domestic resources and a positive international economic externality due to enhanced trade and lower world interest rates. Accordingly, the net debtor developing country gains exceed those of industrial countries. Examination of individual developing country economies confirms the significance of the external trade effect on the pattern and level of gains |
Beschreibung: | 1 Online-Ressource (38 p) |
ISBN: | 1451850808 9781451850802 |
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spelling | Symansky, Steven A. Verfasser aut The Impact of Worldwide Military Spending Cutson Developing Countries Symansky, Steven A Washington, D.C International Monetary Fund 1993 1 Online-Ressource (38 p) txt rdacontent c rdamedia cr rdacarrier IMF Working Papers Working Paper No. 93/86 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 1992 GDP, compared to military expenditures cuts, in present value terms, of 33 percent of 1992 GDP. The gains reflect both the release of domestic resources and a positive international economic externality due to enhanced trade and lower world interest rates. Accordingly, the net debtor developing country gains exceed those of industrial countries. Examination of individual developing country economies confirms the significance of the external trade effect on the pattern and level of gains Online-Ausg Bayoumi, Tamim Sonstige oth Hewitt, Daniel P. Sonstige oth http://elibrary.imf.org/view/IMF001/07084-9781451850802/07084-9781451850802/07084-9781451850802.xml Verlag URL des Erstveröffentlichers Volltext |
spellingShingle | Symansky, Steven A. The Impact of Worldwide Military Spending Cutson Developing Countries |
title | The Impact of Worldwide Military Spending Cutson Developing Countries |
title_auth | The Impact of Worldwide Military Spending Cutson Developing Countries |
title_exact_search | The Impact of Worldwide Military Spending Cutson Developing Countries |
title_exact_search_txtP | The Impact of Worldwide Military Spending Cutson Developing Countries |
title_full | The Impact of Worldwide Military Spending Cutson Developing Countries Symansky, Steven A |
title_fullStr | The Impact of Worldwide Military Spending Cutson Developing Countries Symansky, Steven A |
title_full_unstemmed | The Impact of Worldwide Military Spending Cutson Developing Countries Symansky, Steven A |
title_short | The Impact of Worldwide Military Spending Cutson Developing Countries |
title_sort | the impact of worldwide military spending cutson developing countries |
url | http://elibrary.imf.org/view/IMF001/07084-9781451850802/07084-9781451850802/07084-9781451850802.xml |
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