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Assistant professor, Faculty of Allameh Tabatabaei University
Abstract
In a world of war and violence, it’s essential to study about defense and security. Security is cornerstone of development, so military expenditures of any country plays an economic role other that providing security. This paper aims to find the optimal amount of I.R. Iran’s optimal military expenditures and also find the gap between current and optimum expenditures. We first examine the effect of military expenditures on selected countries GDP using fixed effect panel data regression and then estimate the optimal military expenditures of I.R. Iran using Army curve model. Hausman and F.limer tests confirms the used model. The study covers the 1990 to 2016 period. Results show that Iran’s military expenditures is lower that its optimum level.
Fouladi Moghaddam, S. , Fattahi, S. and Ghavami, M. H. (2017). I.R. Iran and Selected Countries’ Military Expenditures Optimization: Army Curve Approach. Journal of Defense Economics and Sustainable Development, 2(3), 11-26.
MLA
Fouladi Moghaddam, S. , , Fattahi, S. , and Ghavami, M. H. . "I.R. Iran and Selected Countries’ Military Expenditures Optimization: Army Curve Approach", Journal of Defense Economics and Sustainable Development, 2, 3, 2017, 11-26.
HARVARD
Fouladi Moghaddam, S., Fattahi, S., Ghavami, M. H. (2017). 'I.R. Iran and Selected Countries’ Military Expenditures Optimization: Army Curve Approach', Journal of Defense Economics and Sustainable Development, 2(3), pp. 11-26.
CHICAGO
S. Fouladi Moghaddam , S. Fattahi and M. H. Ghavami, "I.R. Iran and Selected Countries’ Military Expenditures Optimization: Army Curve Approach," Journal of Defense Economics and Sustainable Development, 2 3 (2017): 11-26,
VANCOUVER
Fouladi Moghaddam, S., Fattahi, S., Ghavami, M. H. I.R. Iran and Selected Countries’ Military Expenditures Optimization: Army Curve Approach. Journal of Defense Economics and Sustainable Development, 2017; 2(3): 11-26.
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