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Armament and Development

其他書名	An Empirical Assessment of the Impact of Military Spending on Economic Growth in Developing Countries
出版	SSRN, 2020
URL	http://books.google.com.hk/books?id=aKTxzgEACAAJ&hl=&source=gbs_api

註釋In 1973 Emile Benoit published a seminal study which suggested that defence spending stimulated economic growth in Third World countries. His conclusion was based on a cross-national analysis of data for 44 developing countries over five years (1960-65). Specifically, Benoit found that after controlling for the effects of investment and bilateral economic assistance, the effect of defence spending (measured as a percentage of GNP) on the growth rate of civilian GNP was positive. Despite the fact that the results from the analysis of a longer time period (1950-65) did not confirm a positive relationship, Benoit concluded that a positive relationship exists. His results, however, have been widely challenged (see Chan, 1985, for a review of Benoit's critics).