Arbeitspapier

Is military spending quantitatively important for business cycle fluctuations in Bulgaria

We introduce a military sector and external security considerations into a real-businesscycle setup with a public sector. We calibrate the model to Bulgarian data for the period following the introduction of the currency board arrangement (1999-2018). We investigate the quantitative importance of the presence of a military sector and external threat considerations for the cyclical fluctuations in Bulgaria. We find the quantitative effect of such aspects to be very small, and thus not important for business cycle stabilization, or public finance issues, as in Bulgaria the spending on military is relatively small relative to the size of the economy.

Sprache
Englisch

Erschienen in
Series: EERI Research Paper Series ; No. 03/2021

Klassifikation
Wirtschaft
Employment; Unemployment; Wages; Intergenerational Income Distribution; Aggregate Human Capital; Aggregate Labor Productivity
Business Fluctuations; Cycles
Thema
business cycles
military spending
security considerations
external threats
Bulgaria

Ereignis
Geistige Schöpfung
(wer)
Vasilev, Aleksandar
Ereignis
Veröffentlichung
(wer)
Economics and Econometrics Research Institute (EERI)
(wo)
Brussels
(wann)
2021

Handle
Letzte Aktualisierung
10.03.2025, 11:42 MEZ

Datenpartner

Dieses Objekt wird bereitgestellt von:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.

Objekttyp

  • Arbeitspapier

Beteiligte

  • Vasilev, Aleksandar
  • Economics and Econometrics Research Institute (EERI)

Entstanden

  • 2021

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