The impact of the military on the process of economic development in the less developed countries / by Michelle Baddeley.

Baddeley, Michelle. (1990). The impact of the military on the process of economic development in the less developed countries / by Michelle Baddeley. Honours Thesis, School of Economics, The University of Queensland.

       
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Author Baddeley, Michelle.
Thesis Title The impact of the military on the process of economic development in the less developed countries / by Michelle Baddeley.
School, Centre or Institute School of Economics
Institution The University of Queensland
Publication date 1990
Thesis type Honours Thesis
Total pages 173
Language eng
Subjects 14 Economics
Formatted abstract This thesis examines the impact of both military expenditure and the military institution on the process of development in developed countries. A comprehensive criticism of previous empirical research in this area, particularly that of Emile Benoit(1972, 1973,1978), forms the basis of this analysis. The research of Benoit and other has failed to adequately account for the impact of the military on broader indicators of economic development than economic growth. It has also failed to incorporate the impact of the military an institution on growth and development. In addition various methodological and definitional errors and omission characterise Benoit’s analysis and for this reason a replication of his approach is undertaken, to establish how conclusive his findings actually were.

Using multiple regression analysis re-assessment of the impact of the military both on economic growth and on broader measures of economic development undertaken to establish the robustness over time of Benoit's conclusions. The analysis incorporates both economic and institutional influences. It is found that the military as an institution may have some positive impact on broader measures of economic development, particularly for countries at a low level of development. At high level of development military expenditure is found to have a negative impact on broader measures of development. The impact of the military GDP explanatory power in most cases and secondly because econometric problem plague the analysis. The ambiguity of the results, particularly in the analysis of large samples of countries indicates that it is difficult to generalise across large range of divers countries exactly what the impact of the military on the economy will be The direction for future research therefore lies in case studies of individual countries or in the analysis of small groups of countries with similar economies and societies.

 
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