Does the Funding of the Defence Sector Depend on Economic Factors in the Long Run? The Cases of Estonia, Latvia, and Lithuania
Journal: Public Policy And Administration
Year: 2023

The purpose of this publication is to study the dependence of defence funding on economic factors, namely the prosperity of the country, economic growth, the budget deficit, gross government debt, and inflation rate. The investigation uses secondary data obtained from the Eurostat database and covers the period from 1997 to 2021. The author analyses three Baltic countries such as Estonia, Latvia, and Lithuania, to ascertain which economic factors have a statistically significant effect on defenc