Online Trading White Papers
Military Spending, the Peace Dividend, and Fiscal Adjustment
Overview The end the Cold War has brought in significant changes worldwide military spending. This paper finds that the easing of international tensions, regional tensions, and the existence of IMF-supported programs are related to lower military spending and a higher share of non-military spending in total government outlays. These factors account for up to 66 percent, 26 percent, and 11 percent of the decline in military spending, respectively. Furthermore, fiscal adjustment has implied a larger cut-in military spending of countries with IMF-supported programs.
| Publisher | International Monetary Fund | File Format | PDF, requires Acrobat Rdr 5 |
|---|---|---|---|
| Date Published | July 1999 | Downloads | 13 |
| Format | White Papers | ||
| Topics | |||
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