The Determinants and Economic Effects of Defence Spending: The Case of Rwanda, 1973-2020
Journal: Open University of Cape Town (University of Cape Town)
Year: 2023

There is a long and established literature – both theoretical and empirical – regarding the effects that a country's defence burden has on its growth prospects. However, the results remain inconclusive. Fewer studies consider the determinants of a government's defence spending decision, and many of these studies restrict their analysis to groups of countries, thus, failing to capture significant, country-specific features. Considering the high, and rising, instances of security concerns on the A