Optimal growth under military threat

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Ersel, Hasan (2004) Optimal growth under military threat. Defence and Peace Economics, 15 (2). pp. 133-143. ISSN 1024-2694

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Official URL: http://dx.doi.org/10.1080/1024269032000110513


National Defense is a public good that requires resources for its production and its availability affects the economic behavior of private agents. A major policy problem of the government is to find an optimal allocation of resources between private use and national defense. It is shown that, in a simple optimal growth framework, a government's solution may not be the one that satisfies the military authority's objective. Attention is drawn to the need of cooperation between these two bodies and to the importance of the transparency of military expenditures in reaching a compromise that satisfies the public.

Item Type:Article
Uncontrolled Keywords:Defense; optimal growth; public goods; decision making
Subjects:H Social Sciences > HB Economic Theory
ID Code:302
Deposited By:Hasan Ersel
Deposited On:08 May 2007 03:00
Last Modified:15 Sep 2009 14:24

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