Military versus non-military government spending and the shadow economy |
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| Affiliation: | 1. 4200 Economics, Illinois State University, Normal, IL 61790-4200, USA;2. Eastern Michigan University, USA;1. University of Rome “Tor Vergata”, Italy;2. University American College Skopje, Macedonia;1. Helmut-Schmidt-University Hamburg, Faculty of Economics & Social Sciences, Chair of Political Economy & Empirical Economics, Holstenhofweg 85, 22043 Hamburg, Germany;2. CESifo, Munich, Germany;1. Frankfurt School of Finance & Management, Sonnemannstr. 9-11, 60314 Frankfurt am Main, Germany;2. University of Witten/Herdecke, Department of Economics, Alfred-Herrhausen-Str. 50, Witten 58448, Germany;1. International School of Economics, Kazakh-British Technical University of Almaty, 59 Tole bi Street, Almaty 050000, Kazakhstan;2. IOS Regensburg, Landshuter Strasse 4, 93047 Regensburg, Germany;3. IZA, Bonn, Germany |
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| Abstract: | Using recent cross-national data, this research examines the determinants of the shadow economy, focusing on the relative effects of military and non-military government spending. Results show that, other things being the same, nations with larger military spending have smaller shadow economies, while the effect of non-military government spending is statistically insignificant. These findings stand up to various robustness checks. |
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| Keywords: | Military spending Non-military spending Shadow economy Government Regulation |
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