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U.S. Troops and Foreign Economic Growth.
- Source :
-
Defence & Peace Economics . Jun2012, Vol. 23 Issue 3, p225-249. 25p. 9 Charts, 3 Graphs. - Publication Year :
- 2012
-
Abstract
- Do American troops help or hinder economic growth in other countries? We consider a newly constructed dataset of the deployment of U.S. troops over the years 1950–2000 and discover a positive relationship between deployed troops and host country economic growth, which is robust to multiple control variables. Each tenfold increase in U.S. troops is associated with a one–third percentage point increase in average host country annual growth. We explore three possible causal explanations: a Keynesian aggregate demand boost; the diffusion of institutions; and security. Extensive econometric testing, including the use of panel data, confirms the core relationship. [ABSTRACT FROM PUBLISHER]
- Subjects :
- *ECONOMIC development
*DEPLOYMENT (Military strategy)
*ECONOMETRICS
Subjects
Details
- Language :
- English
- ISSN :
- 10242694
- Volume :
- 23
- Issue :
- 3
- Database :
- Academic Search Index
- Journal :
- Defence & Peace Economics
- Publication Type :
- Academic Journal
- Accession number :
- 74550315
- Full Text :
- https://doi.org/10.1080/10242694.2011.585043