Defense spending and economic growth: a look into the former members of the iron curtain
Journal: K-State Research Exchange (Kansas State University)
Year: 2016

The effects of military expenditures on an economy are characterized by a lack of agreement amongst economists.Classical economists, or free-market thinkers, contend that spending on defense diverts resources from more efficient purposes.On the other hand, Keynesians or those of the Structurialist school, argue that defense spending can improve economic growth through the improvement and construction of important infrastructures.Research prior to the 1990's was identified through a non-econometr