| 題名: | The impact of military burden on long-run growth and welfare |
| 作者: | Shieh J.Y.
Lai C.C.
Chang W.Y. |
| 貢獻者: | 經濟系 |
| 關鍵詞: | endogenous growth
military spending
welfare |
| 日期: | 2002 |
| 上傳時間: | 2009-12-04 15:13:01 (UTC+8) |
| 摘要: | This paper presents an endogenous growth model to examine how a government's resource allocation between the defense and non-defense sectors will govern both economic growth and social welfare. We demonstrate that there exists an optimal defense expenditure share that maximizes the economic growth rate, but this rate is smaller than the welfare-maximizing share. This result can be viewed as a possible vehicle to explain why in many developing countries arms limitation and disarmament negotiations usually have low performance (even failing). (C) 2002 Elsevier Science B.V. All rights reserved. |
| 關聯: | JOURNAL OF DEVELOPMENT ECONOMICS Volume: 68 Issue: 2 Pages: 443-454 |
| 顯示於類別: | [經濟學系暨經濟學系碩博士班] 期刊論文
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