Guns versus Butter: A Multisectoral Approach to Military Expenditure and Growth with Evidence from Greece, 1960-1993

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Author: Nicholas Antonakis

Publisher/Publication: The Journal of Conflict Resolution

Volume/Issue: 43 (4)

DOI/ISBN: 10.1177/0022002799043004005

Abstract: The author in this article investigate the relationship between economic growth and defense spending in the case of Greece from 1960 to 1993. He argues that the annual output growth rate in Greece is negatively affected by the size of the defense sector, as measured by real military expenditure. Part of the econometric school of study of the post-1945 Greek-Turkish military expenditure and possible arms racing.

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