Military Expenditure and Economic Activity: The Colombian Case
We enhance a standard RBC model to account for military expenditure and the costs of an internal conflict or war. The model captures the natural trade-off in military expenditure: crowding out of private consumption and investment but less destruction (and, therefore, higher marginal productivity) o...
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| Published in: | Desarrollo y Sociedad |
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| Main Authors: | , |
| Format: | Artigo |
| Language: | Espanhol |
| Published: |
Universidad de los Andes
2003
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| Subjects: | |
| Online Access: | https://www.redalyc.org/articulo.oa?id=169118076002 |
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