10.1002/mde.2910">
 

Military spending and entrepreneurship: Spatial effects of cross-country spillovers

Document Type

Article

Publication Date

2018

Department/School

Economics

Publication Title

Managerial and Decision Economics

Abstract

This paper uses a large cross-country panel data sample to examine the effects of military spending on entrepreneurship. The other major contribution of this work lies in studying the spatial cross-country influences of military spending on entrepreneurship. Placing the econometric model in the broader literature on the determinants of entrepreneurship, results show that while own military spending crowds out entrepreneurship in a country, bordering military spending promotes entrepreneurship. In other findings, we find interesting contrasts between the effects of government size and government quality, and between economic freedom and political freedom.

Link to Published Version

10.1002/mde.2910

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