DEMOCRACY AND MILITARY EXPENDITURES: A CROSS-COUNTRY ANALYSIS

Authors

  • Rodrigo Mendes Pereira Cornell University

Abstract

This paper analyses the provision of defense by governments. The main concern is to investigate whether political regimes affect military budgets. To do so, we perform a cross-section estimation of a military expenditures equation with data of 159 countries. We find a negative and significant relationship between democracy level and defense expenditures. As long as military activity crowds-out the resources available for non-military consumption, this result reinforces the desirability of democratic institutions.

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Published

2013-08-28

Issue

Vol. 4 No. 1 (2004)

Section

Artigos

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