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Do Arms Exports Stimulate Economic Growth?
Previous empirical research has yielded mixed results regarding how defense spending affects economic growth. More conclusive evidence may come from estimating how defense spending affects growth through different channels. In an attempt to examine one of these channels, the author uses balanced panel data to estimate the relationship between economic growth and net arms exports for 62 countries (and some sub-samples) from 1990 to 1999.
Geography
Link
http://www.be.wvu.edu/div/econ//work/pdf_files/04-04.pdf