## Military Spending, the Peace Dividend, and Fiscal Adjustment

_IMF Working Papers, July 1, 1999_

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## Bibliographic details
- Authors: Benedict J. Clements, Jerald A Schiff, Peter Debaere, Hamid R Davoodi
- Published: July 1, 1999
- Series: IMF Working Papers
- DOI: https://doi.org/10.5089/9781451851007.001

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### Summary findings
- The end of the Cold War has ushered in significant changes in worldwide military spending.
- The paper finds that easing of three factors is related to lower military spending and a higher share of nonmilitary spending in total government outlays:
  - (1) international tensions,
  - (2) regional tensions, and
  - (3) the existence of IMF-supported programs.
- These factors account for up to 66 percent, 26 percent, and 11 percent of the decline in military spending, respectively.
- Fiscal adjustment has implied a larger cut in military spending of countries with IMF-supported programs.

### Quantitative contributions and key statistics
- Contribution to decline in military spending:
  - international tensions: up to 66 percent
  - regional tensions: up to 26 percent
  - existence of IMF-supported programs: up to 11 percent
- Publication details:
  - Authors: Benedict J. Clements, Jerald A Schiff, Peter Debaere, Hamid R Davoodi
  - Date: July 1, 1999
  - Pages: 32
  - Series: Working Paper No. 1999/087
  - Volume: 1999
  - Issue: 087
  - DOI: https://doi.org/10.5089/9781451851007.001
  - ISBN: 9781451851007
  - ISSN: 1018-5941

### Subject areas and keywords
- Subject: Balance of payments, Current account surpluses, Defense spending, Econometric analysis, Estimation techniques, Expenditure, Total expenditures
- Keywords: Current account surpluses, Defense spending, equation from the government spending equation, Estimation techniques, fiscal adjustment, Global, international tension, military spending, peace dividend, police expenditure, spending datum, spending-GDP ratio, Total expenditures, WP

*Source: "Military Spending, the Peace Dividend, and Fiscal Adjustment", IMF Working Papers 1999, 087 (July 1, 1999).*

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## Content in this bundle

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_Source: https://www.imf.org/en/publications/wp/issues/2016/12/30/military-spending-the-peace-dividend-and-fiscal-adjustment-3143_