The Cost of Armed Conflict

What is the relationship between defense spending and economic growth? Is there a positive connection via the stimulation of aggregate demand? Or does it crowd-out private sector investment that might be used in other, more productive areas.  Does defense spending contribute to balance sheet liabilities when the sector is less developed and reliant on imports?

And are the negative outcomes made worse during times of internal and external conflict?

Appropriate for the times – and using data from various Middle East countries from 1998 to 2012 – have a look at this interesting piece from the International Journal of Economics and Financial issues that uses our ICRG conflict data to shed light on these questions.


The new PRS is here. The data drives.

PS: Ask us about our Fall promotional items on a range of data – thoroughly vetted and independently backtested for accuracy and relevance since the mid-1990s.

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