Series: IMF Working Papers
Author(s): Benedict Clements , Jerald Schiff , Peter Debaere , and Hamid Davoodi
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 01 July 1999
Keywords: military spending, peace dividend, fiscal adjustment, military, civil war, military expenditures, arms
The end of the Cold War has ushered in significant changes in worldwide military spending. This paper finds that the easing of (1) international tensions, (2) regional tensions, and (3) the existence of IMF-support...