Optimal growth under military threat

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

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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
Divisions: Faculty of Arts and Social Sciences
Depositing User: Hasan Ersel
Date Deposited: 08 May 2007 03:00
Last Modified: 26 Apr 2022 08:05
URI: https://research.sabanciuniv.edu/id/eprint/302

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