This paper examines whether or not the inclusions of the two variables threat and a country's level of wealth augment the negative relationship between military expenditure and economic growth. These variables are added based upon assumptions made in the realist paradigm, found in International Relations theory, that security is the primary objective of a state and that security is measured through power. The predicted impacts of these variables are modeled based upon an augmented Slow Growth model. After a discussion of the theory and a review of the literature on this topic, the model used in this thesis is specified and then tested empirically.
Echanis, Castine L., "Impacts of Military Expenditure Upon Economic Growth Under Varying Circumstances Through the Lenses of the Realist Paradigm and the Solow Growth Model" (2012). Senior Independent Study Theses. Paper 246.
Bachelor of Arts
Senior Independent Study Thesis
© Copyright 2012 Castine L. Echanis