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- Title
THE IMPACT OF ANTI-TERRORISM EXPENDITURE ON ECONOMIC GROWTH AND WELFARE.
- Authors
Yang, Cheng-Lang; Lin, Hung-Pin; Chen, Chien-Yuan
- Abstract
ABSTRACT This paper examines the effects of increasing anti-terrorism expenditure on economic growth rate and social welfare. It is shown that: (i) spending the least amount possible on anti-terrorism expenditure will lead to a maximum economic growth rate; and (ii) to achieve maximum social welfare, the government should allocate its budget to anti-terrorism expenditure. The results shed light on why the US government has chosen to uphold and pursue its anti-terrorism policies in recent years to present day.
- Subjects
UNITED States; FINANCING of counterterrorism; FEDERAL aid to terrorism prevention; ECONOMIC development; GROWTH rate; PUBLIC spending; UNITED States politics &; government, 2009-2017; UNITED States economy, 2009-2017
- Publication
Bulletin of Economic Research, 2012, Vol 64, Issue 1, p1
- ISSN
0307-3378
- Publication type
Article
- DOI
10.1111/j.1467-8586.2010.00377.x