Military expenditure and economic activity : the Colombian case

We enhance a standard RBC model to account for military expenditure and the costs of an internal conflict or war. The model captures the natural trade-off in military expenditure: crowding out of private consumption and investment but less destruction (and, therefore, higher marginal productivity) o...

Full description

Autores:

Arias Leiva, Andrés Felipe
Ardila Rueda, Laura

Tipo de recurso:

Work document

Fecha de publicación:

2003

Institución:

Universidad de los Andes

Repositorio:

Séneca: repositorio Uniandes

Idioma:

eng

OAI Identifier:

oai:repositorio.uniandes.edu.co:1992/8425

Acceso en línea:

http://hdl.handle.net/1992/8425

Palabra clave:

Real business cycle
Stationary state
Military expenditure
Crowding-out
Productivity shock
Política de gastos públicos - Colombia - Modelos econométricos
Colombia - Fuerzas armadas - Apropiaciones y gastos
Colombia - Fuerzas armadas
E6, E32, H56, N4

Rights

openAccess

License

http://creativecommons.org/licenses/by-nc-nd/4.0/