Journal of the military operations research society of Korea (한국국방경영분석학회지)
- Volume 8 Issue 2
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- Pages.3-16
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- 1982
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- 1229-9898(pISSN)
A Study on the Determination of Military Expenditures in Foreign Countries
국방예산책정의 외국사례연구
Abstract
Under the assumption that the size of military expenditures is largely determined by economic potential and military requirements as well, this paper conducts an econometric analysis for the purpose of predicting Korea's military expenditures using a technique of pooling time-series data (1967-1976) and cross-section data(95 countries) on the percentage of military expenditures to GNP (Cross National Product) and economic growth rate.
Keywords