Series: IMF Working Papers
Author(s): Steven Symansky , Tamim Bayoumi , and Daniel Hewitt
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 01 November 1993
Keywords: military, military spending, military expenditures, expenditures, arms
This paper investigates the economic impact of a coordinated reduction in military expenditures of 20 percent using a specially modified version of the MULTIMOD world economic model. Simulation results indicate tha...