Series: IMF Working Papers
Author(s): Benedict Clements , Sanjeev Gupta , and Saida Khamidova
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 20 September 2019
Keywords: Military expenditures, Age-related spending, Capital expenditure, Education spending, Government expenditures, Military spending, social spending, convergence., WP, military spend
This paper studies the evolution of worldwide military spending during 1970-2018. It finds that military spending in relation to GDP is converging, but into three separate groups of countries. In the largest group,...