Rusty Guns and Buttery Soldiers: The Effect of Unemployment on Transatlantic Defense Spending

@inproceedings{Becker2015RustyGA,
  title={Rusty Guns and Buttery Soldiers: The Effect of Unemployment on Transatlantic Defense Spending},
  author={Jordan N Becker},
  year={2015}
}
Scholarship on the relationships between key macroeconomic variables and defense investment is divided on both the appropriate level of aggregation for such analysis, and the direction of causality between macroeconomic variables and defense investment. Both NATO and the EU, through the European Defence Agency (EDA) have established formal or informal targets for categories of defense expenditures, indicating the policy importance of disaggregation. I argue that states respond to increasing… CONTINUE READING

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