Economics, Econometrics and Finance
3 years ago

Military spending boosts short-term GDP but hinders long-term economic growth in Colombia.

2 views
MPRA Paper
A CAUSALITY ANALYSIS OF THE MILITARY SPENDING AND ECONOMIC GROWTH: THE COLOMBIAN CASE OF 1960-2016
John Michael, Riveros Gavilanes

Paper Summary

The study looked at how military spending in Colombia from 1960 to 2017 affected the country's economic growth. Using VEC models, the researchers found that military spending caused an increase in GDP in the short term, but had a negative impact on economic growth in the long term.

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