Military and Civilian Trade-Offs in Guatemala: An Econometric Approach

Research
Written By EPS Staff

1997 paper by Lawrence Klein, Kanta Marwah, and Thomas Scheetz.

An excerpt is available via the publisher.

Abstract

There is a general supposition that a high degree of militarization competes with general economic advancement in the civilian sector of an economy. In order to examine this supposition in a quantitative and detailed fashion it is necessary to consider simultaneously the following effects or economic adjustments to the military situation: (a) the demand side, (b) the supply side, (c) the short-run, and (d) the long-run. The idea of simultaneous consideration means that both direct and indirect effects must be taken into account.

EPS Staff
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Disarmament & Development