국방비 증가를 위한 정부의 선택방법 본 논문은 육군사관학교 화랑대연구소의 2012년도 연구활동비 지원을 받아 연구되었음- 정부예산 비중의 변화에 따른 경제성장과 사회적 효용에 대한 시뮬레이션
Government's Policy Choice for Increasing Military Expenditure: Simulations on the Effects of Government's Budget Allocation on Economic Growth and Social Welfare
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Beginning with Benoit in the 1960s, there has been an active debate regarding the relationship between defense expenditure and economic growth. However, most discussions hitherto simply focused on whether the defense expenditure had a positive or negative impact on economic growth. In this study, we depart from this simple relationship between defense expenditure and economic growth. Instead, we focus on three types of government policies that increase defense expenditure, namely (i) a reduction in public investment, (ii) a reduction in public consumption, and (iii) a combined reduction in public investment and consumption, in examining the impact of an increase in defense expenditure on economic growth and utility. We find that, the only type of policy that increases both economic growth and utility following an increase in defense expenditure requires a reduction in public consumption while leaving public investment unchanged.
Abstract
Beginning with Benoit in the 1960s, there has been an active debate regarding the relationship between defense expenditure and economic growth. However, most discussions hitherto simply focused on whether the defense expenditure had a positive or negative impact on economic growth. In this study, we depart from this simple relationship between defense expenditure and economic growth. Instead, we focus on three types of government policies that increase defense expenditure, namely (i) a reduction in public investment, (ii) a reduction in public consumption, and (iii) a combined reduction in public investment and consumption, in examining the impact of an increase in defense expenditure on economic growth and utility. We find that, the only type of policy that increases both economic growth and utility following an increase in defense expenditure requires a reduction in public consumption while leaving public investment unchanged.
참고문헌 (6)
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- Benoit, E, "defense and growth in developing countries", Economic Development and Cultural Change, 26(2), pp.271~280 (1973)
- Deger, S., "Economic development and defense expenditure", Economic Development and Cultural Change, 35(1), pp.179~196 (1986)
- Joshua Aizenman, "Military expenditure, threats, and growth", Journal of International Trade & Economic Development, Taylor and Francis Journals, 15(2), pp.129~155 (2006)
- Lee, Jisoon, "Optimal size and composition of government spending", Journal of the Japanese and International Economies. Elsevier, 6(4), pp.423~439 (1992)
- Smith, R., "Military expenditure and investment in OECD countries 1954-1973", Journal of Comparative Economics, 4(1), pp.19~32 (1980)