Utilizad este identificador para citar o enlazar este documento: http://hdl.handle.net/2072/291514

Defence spending, institutional environment and economic growth: case of NATO
Utrero Gonzalez, Natalia
Hromcová, Jana; Callado Muñoz, Francisco J.
This paper analyses the impact of participating in a military alliance on the nexus between defence spending and economic growth. In particular, we study how the process of gradual association to a military organization influences the defence spending of new-comers, and consequently their economic growth. Conclusions from the theoretical model are tested empirically for countries in the North Atlantic Treaty Organization. Results show that the prospect of intensified military alliance partnership and membership has a positive effect on economic growth. In addition, increased security and stability gained by closer military cooperation reinforces the positive link with economic growth. Empirical evidence supports theoretical priors.
07-2017
Military alliance
Public spending
33 - Economia
Armes i municions -- Indústria i comerç
Organització del Tractat de l'Atlàntic Nord
L'accés als continguts d'aquest document queda condicionat a l'acceptació de les condicions d'ús establertes per la següent llicència Creative Commons: http://creativecommons.org/licenses/by-nc-nd/4.0/
26 p.
Documento de trabajo
Universitat Autònoma de Barcelona. Departament d'Economia Aplicada
Document de treball (Universitat Autònoma de Barcelona. Departament d'Economia Aplicada);17.04
         

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