Defense Spending and Economic Growth

This book presents a background regarding the importance of defense spending in developed and developing countries. It analyzes the different issues, relating them to the central theme and provides conclusion regarding the overall significance of defense spending for the economic growth of a nation.

List of Tables and Figures -- Preface -- PART ONE Introduction -- 1 Defense Spending and Economic Growth: An Evaluation of the Overall Impact / James E. Payne and Anandi P. Sahu -- PART TWO Theoretical Underpinnings -- 2 Conceptual Linkages Between Defense Spending and Economic Growth and Development: A Selective Review / Rati Ram -- 3 A Theory of Defense Spending and Economic Growth / Michael J. Mueller and H. Sonmez Atesoglu -- 4 Arms Race Modelling and Economic Growth / Charles H. Anderton -- PART THREE Effects on Industrialized Economies -- 5 Defense Spending and Economic Growth: Spillovers vs. Crowding Out / Laurence H. Meyer and Fredric Q. Raines -- 6 Military Expenditure and Employment / J. Paul Dunne -- 7 Defense Versus Nondefense Spending: A Macroeconomic Comparison / James E. Payne, Kevin L. Ross and Edward A. Olszewski -- 8 Some Economic Effects of Unilateral and Multilateral Reductions in Military Expenditures in the Major Industrialized and Developing Countries / Jon D. Haveman, Alan V. Deardorff and Robert M. Stern -- 9 The Collapse of Communism in the USSR: Cold War Victory or Cold War Illusions? / Peter J. Boettke -- 10 Estimating Regional Sensitivities to Defense Purchases / Lori L. Taylor -- PART FOUR Effects on Less Developed Countries -- 11 Defense Spending and Economic Growth in Developing Countries / Basudeb Biswas -- 12 Arms Imports and Third World Growth in the 1980s / Robert E. Looney and Peter C. Frederiksen -- PART FIVE Related Issues of Importance -- 13 Deterring Terrorism Through Reputation Building / John L. Scott -- 14 The Prospect of Stable World Peace and Its Global Economic Consequences / Anandi P. Sahu and Robert T. Kleiman -- About the Contributors -- Subject Index.