Military Spending and Employment

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题名:	Military Spending and Employment
作者:	Lee, CT (Lee, Cheng-Te)
贡献者:	國貿系
关键词:	Military spending military threat employment
日期:	2022
上传时间:	2021-04-22 10:41:45 (UTC+8)
摘要:	This paper constructs a theoretical model involving supply-side effect, demand-side effect, and security effect produced by military spending to explore the effects of military spending and foreign military threat on employment. This paper proves that the relationship between defense burden and employment is nonlinear (i.e., reverse U shape.). Hence, we find the defense burden of maximizing employment. In addition, we argue that a rise in foreign military threat will be detrimental to the level of output and in turn lead to a reduction in employment. Finally, we show that an increase in the variance of the foreign military spending shocks will raise the level of output and then lead to an increase in employment.
關聯:	DEFENCE AND PEACE ECONOMICS Defence and Peace Economics卷 33, 期 4, 頁 501 - 510 2022
显示于类别:	[國際貿易學系所] 期刊論文

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