Email this article The economic effects of defence spending in Greece 1963-90: some preliminary econometric findings
Abstract
Greece has regularly ranked as the country with the highest defence burden in NATO and the
European Union. At the same time the Greek economy has in last years exhibited some of the lowest rates
of growth in Europe. It is possible that the high levels of Greek military expenditure may have partially
contributed to this. This study is a preliminary empirical investigation into the economic effects of defence
spending in Greece during the period 1963-1990.
European Union. At the same time the Greek economy has in last years exhibited some of the lowest rates
of growth in Europe. It is possible that the high levels of Greek military expenditure may have partially
contributed to this. This study is a preliminary empirical investigation into the economic effects of defence
spending in Greece during the period 1963-1990.
Keywords
Defence expenditure; Economic growth
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