20 research outputs found
Defense Expenditures and Economic Growth in Developing Countries
Armed Forces and Society, Summer, 1983.Refereed Journal ArticleStudies of the effect that defense spending has had on economic growth
in less-developed countries have produced rather mixed results. We
contend that this is because these studies have failed to take into account
the relative financial constraints faced by individual countries.
In an extension of the seminal work by Emile Benoit on defense spending
and its effect on economic growth, 1 we hypothesize that relatively
poor countries tend to cut back high-growth development expenditures
in favor of maintaining defense programs, while relatively rich countries
are much less likely to abandon development expenditures given a
constant level of defense preparedness. Thus, we should expect a negative
relationship between defense and growth in the poorer countries,
but a positive relationship in the richer countries
Fiscal Policy in Mexico: The FitzGerald Thesis Reexamined
World Development, March 1987.Refereed Journal ArticleInterest continues in the Mexican government's finance and expenditure policy due
to the severity and length of fiscal crises. According to FitzGerald, Mexican deficits were
financed through increased savings crowding out consumption but not private investment. Using
official IMF data this paper attempts to verify the FitzGerald thesis. By and large our results
suggest the Mexican economy is best depicted along Keynesian lines and not FitzGerald's
Kaleckian interpretation. This conclusion is further substantiated by the prolonged nature of the
country's current economic crisis associated with record high central government deficits and
subdued levels of private sector investment. If his thesis were valid for an earlier time (1951-65),
many of these relationships disappeared between 1965 and 1981
Prospects for Economic Stability in Mexico
University of Texas Business Review, May-June 1983.Refereed Journal Articl
The Future Demand for Military Expenditure in Argentina
Arms Control, September 1986.Refereed Journal Articl
The Evolution and Evaluation of Saudi Arabian Economic Planning
Journal of South Asian and Middle Eastern Studies, Winter 1985.Refereed Journal Articl
Rail Track Expansion in Developing Countries in the 1980s
Logistics and Transport Review, vol. 34, no. 2, 1998.Refereed Journal ArticlePer capita income, country size, and economic growth are often seen as being major determinants
of rail track expansion in developing countries. However, we could not empirically verify these explanations
for rail expansion using recent World Bank data for a set of 35 developing countries. Instead, a factor analysis
suggested multilateral loans to have been important. A discriminant analysis indicated only four variables
are needed to predict a country's correct grouping into either a high and low rail expansion group.
Regression analysis indicates that 1970s investment offset 1980s investment for the entire sample and the high
expansion group. For the low expansion group, a factor capturing the quality of life appears to be the most
important predictor of rail investment
Profiles of Current Latin American Arms Producers
International Organization, Summer 1986.Refereed Journal Articl
The Feasibility of Alternative IMF-Type Stabilization Programs in Mexico, 1984-87
Journal of Policy Modeling, November 1983.Refereed Journal ArticleIn November 1982, Mexico announced an agreement with the International Monetary
Fund (IMF) on a program to ease the country's large foreign debt. Mexico may receive
nearly $4 billion worth of credit if the government reduces the deficit, raises taxes and curbs
imports. This article investigates whether an IMF program like this can work in Mexico
without a serious and immediate economic contraction. A model is constructed to examine
the impact of government fiscal activity under alternative stabilization programs. The
analysis suggests a critical element for success is the ability and willingness to raise tax
revenue
The Impact of Latin American Arms Production on Economic Performance
Journal of Social, Political and Economic Studies, Fall 1987.Refereed Journal Articl
Privatization of Public Sector Enterprises in Pakistan: Prospects for Reducing Regional Imbalances
Review of Urban and Regional Development Studies, July 1995.Refereed Journal ArticleThis paper tests the somewhat counterintuitive hypothesis that public firms are more efficient than their
private sector counterparts. A factor analysis (9 industrial groups/34 industries) indicated that for all
Pakistani provinces, public enterprises contributed relatively more value added which supports the
findings of Naqvi and Kamal. The paper also concludes that a policy to reduce Pakistan's regional
income disparities by privatizing public enterprises would likely be ineffective