A dynamic model of capital and arms accumulation

Article Abstract:

The effect of military spending on investment and output growth is determined. The study assesses the short-run and long-run responses of military spending and investment to arms accumulation in a dynamic optimization model over an infinite horizon. Findings show that an unanticipated increase in military threat lessens current investment while an anticipated increase in military threat catalyzes current investment when the utility function can be segregated between consumption and the weapon stocks. Capital accumulation does not depend on the military conflicts among nations.

Economic development, Defense spending, Arms race

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Government spending, endogenous labor, and capital accumulation

Article Abstract:

A study relating to research on the dynamic impact of fiscal policy re-investigated the dynamic responses of the capital stock to an unexpected, temporary increase in both government consumption and infrastructure spending. It was found that endogenous labor, duration of policy expansion and the association between private decisions and the composition of government spending are the critical factors which determine whether or not capital accumulation emerges.

Public Finance Activities, Fiscal Policy, Research, Infrastructure (Economics), Expenditures, Public, Public expenditures, Capital stock

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Effects of an anticipated expansion in international public goods on public capital accumulation

Article Abstract:

A study on the impact of providing more public goods by a neighbor country on public capital aggregation is presented.

Taiwan, International aspects, Public goods

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