STUDY OF THE EFFECT OF MILITARY SPENDING ON ECONOMIC GROWTH IN THE WORLD SYSTEM FROM 1870 TO 1950
MetadataShow full item record
This research project involves testing the relationship between military expenditure and the economic growth of countries from 1870 to 1950. We examine the graphs of a country’s economic growth with military expenditure on a sample of 39 nations. The analysis is supplemented with a graphical analysis of the timelines of military spending and growth within each nation. The GDP data come from Angus Maddison’s historical GDP dataset and the data on military spending are collected from the Correlates of War Project. The examinations of this research show that among the 39 nations, 31 of them show that military expenditures do not contribute to economic growths, 3 of them show that military expenditures contribute to economic growth, while 5 of them cannot be determined due to lack of data or time span. Therefore the results of the research show that overall military spending does not contribute to economic growth.
Kang, Nahua 1990- (2012). STUDY OF THE EFFECT OF MILITARY SPENDING ON ECONOMIC GROWTH IN THE WORLD SYSTEM FROM 1870 TO 1950. Honors and Undergraduate Research. Available electronically from