Verfügbarkeit: Economic Consequences of Lower Military Spending

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 sub...

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1. Verfasser:	Schiff, Jerald Alan (VerfasserIn)
Format:	Elektronisch E-Book
Sprache:	English
Veröffentlicht:	Washington, D.C International Monetary Fund 1993
Schriftenreihe:	IMF Working Papers Working Paper No. 93/17
Online-Zugang:	UBW01 UEI01 LCO01 SBR01 UER01 SBG01 UBG01 FAN01 UBT01 FKE01 UBY01 UBA01 FLA01 UBM01 UPA01 UBR01 FHA01 FNU01 BSB01 TUM01 Volltext
Zusammenfassung:	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 countries, although most of these gains are realized in the long run. A positive international economic externality is found to exist, implying that for any given country the economic gains from a coordinated reduction in military expenditures exceed the gains from a unilateral reduction
Beschreibung:	1 Online-Ressource (48 p)
ISBN:	1451843461 9781451843460

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spelling	Schiff, Jerald Alan Verfasser aut Economic Consequences of Lower Military Spending Some Simulation Results Schiff, Jerald Alan Washington, D.C International Monetary Fund 1993 1 Online-Ressource (48 p) txt rdacontent c rdamedia cr rdacarrier IMF Working Papers Working Paper No. 93/17 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 countries, although most of these gains are realized in the long run. A positive international economic externality is found to exist, implying that for any given country the economic gains from a coordinated reduction in military expenditures exceed the gains from a unilateral reduction Online-Ausg Bayoumi, Tamim Sonstige oth Hewitt, Daniel P. Sonstige oth http://elibrary.imf.org/view/IMF001/01939-9781451843460/01939-9781451843460/01939-9781451843460.xml Verlag URL des Erstveröffentlichers Volltext
spellingShingle	Schiff, Jerald Alan Economic Consequences of Lower Military Spending Some Simulation Results
title	Economic Consequences of Lower Military Spending Some Simulation Results
title_auth	Economic Consequences of Lower Military Spending Some Simulation Results
title_exact_search	Economic Consequences of Lower Military Spending Some Simulation Results
title_exact_search_txtP	Economic Consequences of Lower Military Spending Some Simulation Results
title_full	Economic Consequences of Lower Military Spending Some Simulation Results Schiff, Jerald Alan
title_fullStr	Economic Consequences of Lower Military Spending Some Simulation Results Schiff, Jerald Alan
title_full_unstemmed	Economic Consequences of Lower Military Spending Some Simulation Results Schiff, Jerald Alan
title_short	Economic Consequences of Lower Military Spending
title_sort	economic consequences of lower military spending some simulation results
title_sub	Some Simulation Results
url	http://elibrary.imf.org/view/IMF001/01939-9781451843460/01939-9781451843460/01939-9781451843460.xml
work_keys_str_mv	AT schiffjeraldalan economicconsequencesoflowermilitaryspendingsomesimulationresults AT bayoumitamim economicconsequencesoflowermilitaryspendingsomesimulationresults AT hewittdanielp economicconsequencesoflowermilitaryspendingsomesimulationresults

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MARC

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