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

Saved in:
Bibliographic Details
Main Author: Symansky, Steven A. (Author)
Format: Electronic eBook
Language:English
Published: Washington, D.C International Monetary Fund 1993
Series:IMF Working Papers Working Paper No. 93/86
Online Access:UBW01
UEI01
LCO01
SBR01
UER01
SBG01
UBG01
FAN01
UBT01
FKE01
UBY01
UBA01
FLA01
UBM01
UPA01
UBR01
FHA01
FNU01
BSB01
TUM01
Volltext
Summary: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
Physical Description:1 Online-Ressource (38 p)
ISBN:1451850808
9781451850802

There is no print copy available.

Interlibrary loan Place Request Caution: Not in THWS collection! Get full text