Worldwide Military Spending, 1990-95

42 Pages Posted: 15 Feb 2006

See all articles by Jerald Schiff

Jerald Schiff

International Monetary Fund (IMF) - European Department

Benedict Clements

International Monetary Fund (IMF) - African Department

Date Written: June 1996

Abstract

The decline in military spending that began in the mid-1980s continued through 1995, and this decline was widespread both geographically and by level of development. Cuts in military spending appear to have potentially important implications for nonmilitary spending and fiscal adjustment. In contrast to findings for previous periods, military spending has declined more than proportionately in those countries that have reduced total spending. Countries with Fund programs have reduced military spending more sharply than other developing countries, largely reflecting outcomes in the transition economies. Further, military spending appears to have been less resilient in program countries than other developing countries.

JEL Classification: H10, H50, H56

Suggested Citation

Schiff, Jerald and Clements, Benedict, Worldwide Military Spending, 1990-95 (June 1996). IMF Working Paper No. 96/64, Available at SSRN: https://ssrn.com/abstract=882963

Jerald Schiff

International Monetary Fund (IMF) - European Department ( email )

700 19th Street NW
Washington, DC 20431
United States

Benedict Clements

International Monetary Fund (IMF) - African Department ( email )

1700 19th Street, NW
Washington, DC 20431
United States

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