Citation

Ramos EM. Def. Peace Econ. 2004; 15(1): 83-99.

Copyright

(Copyright © 2004, Informa - Taylor and Francis Group)

DOI

10.1080/1024269042000164513

PMID

unavailable

Abstract

This paper presents a survey of Mexican military expenditure (ME), which assesses the role of ME in Mexican economic growth. After presenting a description of the armed forces, Mexican military policy and the Mexico-US military relationship, this paper outlines a demand-supply model to analyse the effects of ME on growth. The empirical results suggest interesting insights on the ME-growth relationship for the Mexican case. These results present evidence against the crowding-out hypothesis of ME on growth. For the Mexican case, ME produces a positive effect on growth.