English, Article edition: Military Spending, the Peace Dividend, and Fiscal Adjustment By Davoodi; Benedict Clements; Jerald Schiff; ...

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Physical Description
  • article
Language
  • English

Edition details

Title
  • Military Spending, the Peace Dividend, and Fiscal Adjustment
Author
  • By Davoodi
  • Benedict Clements
  • Jerald Schiff
  • Peter Debaere
Physical Description
  • article
Notes
  • RePEc:pal:imfstp:v:48:y:2001:i:2:p:4
  • This paper decomposes the sources of the peace dividend into global, regional, and country-specific factors, and analyzes their relative importance. It finds that the easing of international and regional tensions and the existence of IMF-supported adjustment programs are systematically related to lower military spending and a higher share of nonmilitary spending in total government outlays. The easing of international tensions and of regional tensions since the end of the Cold War and the existence of IMF-supported adjustment programs account for 66 percent, 26 percent, and 11 percent of the decline in military spending, respectively. Furthermore, fiscal adjustment has implied a larger cut in military spending of countries with IMF-supported programs. Copyright 2001, International Monetary Fund
  • RePEc:imf:imfstp:v:48:y:2001:i:2:p:4
Language
  • English
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