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Military Spending, the Peace Dividend, and Fiscal Adjustment
Mr.Benedict J. ClementsMr.Hamid Reza DavoodiMr.Jerald Alan SchiffPeter Debaere
出版International Monetary Fund, 1999-07-01
主題Business & Economics / Public FinanceBusiness & Economics / EconometricsBusiness & Economics / Exports & Imports
ISBN14518510069781451851007
URLhttp://books.google.com.hk/books?id=klYYEAAAQBAJ&hl=&source=gbs_api
EBookSAMPLE
註釋The end of the Cold War has ushered in significant changes in worldwide military spending. This paper finds that the easing of (1) international tensions, (2) regional tensions, and (3) the existence of IMF-supported programs are related to lower military spending and a higher share of nonmilitary spending in total government outlays. These factors account for up to 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.