This paper investigates the relationship between the US military spending and public debt in a panel of European countries in the period 1992–2013. Under the established evidence of the interdependence between US and European military spending, we exploited a dynamic panel estimation. Findings show that the debt of European countries is: (1) positively associated with US military spending; (2) negatively associated with average military burden of other European countries.
Caruso, R., Di Domizio, M., The Impact of US Military Spending on Public Debt In Europe (1992-2013): A Note, <<PEACE ECONOMICS, PEACE SCIENCE, AND PUBLIC POLICY>>, 2015; (21): 459-466. [doi:10.1515/peps-2015-0040] [http://hdl.handle.net/10807/69965]
The Impact of US Military Spending on Public Debt In Europe (1992-2013): A Note
Caruso, Raul;
2015
Abstract
This paper investigates the relationship between the US military spending and public debt in a panel of European countries in the period 1992–2013. Under the established evidence of the interdependence between US and European military spending, we exploited a dynamic panel estimation. Findings show that the debt of European countries is: (1) positively associated with US military spending; (2) negatively associated with average military burden of other European countries.
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