Research Catalog
Economic consequences of lower military spending : some simulation results / prepared by Tamim Bayoumi, Daniel Hewitt, and Jerald Schiff ; authorized for distribution by Ke-young Chu and Peter Clark.
- Title
- Economic consequences of lower military spending : some simulation results / prepared by Tamim Bayoumi, Daniel Hewitt, and Jerald Schiff ; authorized for distribution by Ke-young Chu and Peter Clark.
- Author
- Bayoumi, Tamim A.
- Publication
- [Washington, D.C.?] : International Monetary Fund, [1993]
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| Status | Format | Access | Call Number | Item Location |
|---|---|---|---|---|
| Text | Request in advance | UA17 .B39x 1993 | Off-site |
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Details
- Additional Authors
- Description
- iii, 43 p.; 28 cm.
- Summary
- The IMF MULTIMOD model is used to trace the economic impact of a 20 percent reduction in world military expenditure. GDP falls in the short run, however private consumption and investment rise, leading to an increase in GDP in the medium and long run. The estimated gains to economic welfare are substantial, particularly for developing countries, although most of these gains are realized in the long run. A positive international economic externality is found to exist, implying that for any given country the economic gains from a coordinated reduction in military expenditures exceed the gains from a unilateral reduction.
- Series Statement
- IMF working paper ; WP/93/17
- Uniform Title
- IMF working paper WP/93/17.
- Subject
- Armed Forces > Appropriations and expenditures
- Note
- "March 1993."
- At head of title: International Monetary Fund, Fiscal Affairs Department and Research Department.
- Bibliography (note)
- Includes bibliographical references (p. 42-43).
- Processing Action (note)
- committed to retain
- OCLC
- 28450276
- Owning Institutions
- Harvard Library