“Is there military keynesianism? An evaluation of the case of France based on disaggregated data”

Article de Julien Malizard.


“This article explores the effects of military expenditure on aggregate output in France, covering the period 1980-2010, within a Keynesian model. Our empirical results reveal that military spending stimulates output, even if non-military spending exerts higher impact. However, the originality of our contribution comes from the use of disaggregated data. Consequently, it is possible to characterize composition effects of military spending: defense equipment spending stimulates the aggregate output whereas defense non-equipment spending has no significant impact.”

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