Research output: Contribution in Book/Report/Proceedings - With ISBN/ISSN › Chapter (peer-reviewed) › peer-review
Research output: Contribution in Book/Report/Proceedings - With ISBN/ISSN › Chapter (peer-reviewed) › peer-review
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TY - CHAP
T1 - Size, Governance & Expenditure On Defence & Education
T2 - Realpolitik & the Peace Dividend for Small Economies
AU - Read, Robert
PY - 2020/12/18
Y1 - 2020/12/18
N2 - This chapter investigates Kuznets’ argument that small economies support disproportionately large government sectors, with a specific focus on the relationship between country size and expenditure on defence and education. As expected, the study finds a significant negative relationship between country size (measured in terms of population) and the government sector for both GNI and government consumption, using averaged data 2015-17. Defence expenditure however, is found to be positively and significantly related to country size, contrary to Kuznets’ inference. This finding accords with evidence of higher levels of governance and institutional quality in conjunction with realpolitik in small economies. Lower expenditure on defence generates a ‘peace dividend’ that facilitates potentially greater proportionate spending on social objectives.
AB - This chapter investigates Kuznets’ argument that small economies support disproportionately large government sectors, with a specific focus on the relationship between country size and expenditure on defence and education. As expected, the study finds a significant negative relationship between country size (measured in terms of population) and the government sector for both GNI and government consumption, using averaged data 2015-17. Defence expenditure however, is found to be positively and significantly related to country size, contrary to Kuznets’ inference. This finding accords with evidence of higher levels of governance and institutional quality in conjunction with realpolitik in small economies. Lower expenditure on defence generates a ‘peace dividend’ that facilitates potentially greater proportionate spending on social objectives.
M3 - Chapter (peer-reviewed)
SN - 9780367183998
T3 - Routledge International Handbooks
SP - 331
EP - 350
BT - Handbook of Governance in Small States
A2 - Bruguglio, Lino
A2 - Byron, Jessica
A2 - Moncada, Stefano
A2 - Veenendaal, Wouter
PB - Routledge
CY - London
ER -