Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/311212 
Authors: 
Year of Publication: 
2025
Series/Report no.: 
Kiel Report No. 2
Publisher: 
Kiel Institute for the World Economy (IfW Kiel), Kiel
Abstract: 
This paper investigates how an increase in military expenditures affects an economy. It is written in the context of rising geopolitical tensions that have spurred increased military spending in the United States, Europe, and other economic areas. It draws on a large literature in macroeconomics, public finance, defense and peace studies, economic history, and the study of productivity to evaluate the short- and long-run consequences of rearmament.
Subjects: 
Military expenditures
Fiscal multipliers
Innovation
Growth
Short- and long-run consequences of rearmament
USA
Europe
Document Type: 
Research Report

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