This monograph is a collection of empirical and theoretical essays
on the interplay between political regimes, military spending, and
economic growth. Chapter 1 surveys the literature on political
regimes, policies they choose and their economic consequences.
Chapter 2 examines how democracy and conscription may affect the
number of battlefield deaths and the value of a statistical life in
military conflicts. Chapter 3 investigates how arms trade and
military spending may affect economic growth. Chapter 4 examines
the efficiency of political markets and factors influencing
political polarization. Chapter 5 summarizes the findings and
suggests the avenues for future research.
Pavel Yakovlev is a professor of economics at Duquesne University in Pittsburgh, PA, USA. Dr. Yakovlev's areas of concentration are public finance and international economics, but he has written on a wide variety of topics including political markets, subjective well-being, traffic fatalities, taxation, defense, and economic growth.
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