The Impact of US Military Spending on Public Debt In Europe (1992-2013): A Note

Raul Caruso, Marco Di Domizio

Research output: Contribution to journalArticlepeer-review

3 Citations (Scopus)

Abstract

This paper investigates the relationship between the US military spending and public debt in a panel of European countries in the period 1992–2013. Under the established evidence of the interdependence between US and European military spending, we exploited a dynamic panel estimation. Findings show that the debt of European countries is: (1) positively associated with US military spending; (2) negatively associated with average military burden of other European countries.
Original languageEnglish
Pages (from-to)459-466
Number of pages8
JournalPEACE ECONOMICS, PEACE SCIENCE, AND PUBLIC POLICY
DOIs
Publication statusPublished - 2015

Keywords

  • military spending
  • public debt

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