TY - JOUR
T1 - Country Survey: Military Expenditure And Its Impact On Productivity In Italy, 1988–2008
AU - Caruso, Raul
AU - Francesco, Addesa
PY - 2012
Y1 - 2012
N2 - This paper analyses the military expenditures in Italy over the period 1988–2008. The estimation of a conventional model of military expenditure shows that the choices of military expenditure by Italian governments are influenced by US and, to a lesser extent, the other NATO countries’ defence spending. In particular, the negative association between the US and NATO average military expenditure on the Italian one suggests a free-rider behaviour of Italy. Eventually, we focus on the relationship between productivity and military expenditure. The results suggest that there is a negative association between productivity and military expenditures in the long run. Namely, if military expenditures were substituted by civilian expenditures, the Italian overall productivity would be expected to improve.
AB - This paper analyses the military expenditures in Italy over the period 1988–2008. The estimation of a conventional model of military expenditure shows that the choices of military expenditure by Italian governments are influenced by US and, to a lesser extent, the other NATO countries’ defence spending. In particular, the negative association between the US and NATO average military expenditure on the Italian one suggests a free-rider behaviour of Italy. Eventually, we focus on the relationship between productivity and military expenditure. The results suggest that there is a negative association between productivity and military expenditures in the long run. Namely, if military expenditures were substituted by civilian expenditures, the Italian overall productivity would be expected to improve.
KW - military expenditures
KW - productivity
KW - military expenditures
KW - productivity
UR - http://hdl.handle.net/10807/31034
UR - http://dx.medra.org/10.1080/10242694.2011.608964
U2 - 10.1080/10242694.2011.608964
DO - 10.1080/10242694.2011.608964
M3 - Article
SN - 1024-2694
SP - 471
EP - 484
JO - Defence and Peace Economics
JF - Defence and Peace Economics
ER -