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Guns, Economic Growth and Education during the second half of the Twentieth Century: Was Spain different?

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Jurado Sánchez, José and Jiménez Martín, Juan Ángel (2014) Guns, Economic Growth and Education during the second half of the Twentieth Century: Was Spain different? [ Documentos de Trabajo del Instituto Complutense de Análisis Económico (ICAE); nº 14, 2014, ISSN: 2341-2356 ] (Unpublished)

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Official URL: http://eprints.ucm.es/25744/




Abstract

In the past decades, numerous studies have been conducted on the trade-off between guns and butter, namely defense versus social sector expenditure. The aim of this research is identifying whether indeed defense spending crowded out in vestment and other social expenditures as health and education. Previous research does not yield strong and unambiguous evidence of neither positive nor negative effects of military expenditure on social spending. It is striking that the guns versus butter dilemma has not been extensively studied for Spain. Using Mintz and Huang (1991) strategy applied to the US, we test if the government expenditure in defense in Spain during the last part of the Franco’s dictat orship and the first years of the transition and democracy, contributed positively or negatively to education spending. Results show a negative trade-off for the Franco’s regimen and an ambi
guous effect for the last part of the sample.


Item Type:Working Paper or Technical Report
Uncontrolled Keywords:Guns versus butter dilemma, Military spending, Economic growth and social expenditures, Education spending, Spain from 1950 to 2000.
Subjects:Social sciences > Economics > Econometrics
JEL:H51, H52, H53, H56, N40, N44
Series Name:Documentos de Trabajo del Instituto Complutense de Análisis Económico (ICAE)
Volume:2014
Number:14
ID Code:25744
Deposited On:06 Jun 2014 11:57
Last Modified:27 Jan 2016 13:36

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