Citation

Scott JP. Def. Peace Econ. 2001; 12(4): 325-336.

Copyright

(Copyright © 2001, Informa - Taylor and Francis Group)

DOI

10.1080/10430710108404991

PMID

unavailable

Abstract

This study tests the hypothesis that defence spending “crowds-out” civil investment. It uses UK data for 1974-96. The results suggest that the crowding-out of investment takes place entirely in the private sector.