「The Impact of Reducing Military Expenditures in South
Korea Using a CGE Model」
●저자 : 김우성
●학술지명 : Journal of Quantitative Economics
●권호 : 20
●게재년월 : 2022년 6월
●링크: https://link.springer.com/article/10.1007/s40953-022-00314-x
[초록]
Military expenditure is an
essential budget item because it is directly related to national security and
national competitiveness in the world. Therefore, it is hard to reduce military
expenditure. Many scholars have explored the relationship between military
expenditure and economic development. Unlike the previous research, this paper
does not analyze the relationship between defense expenditures and economic
development. Instead, this research explores how various industries are
affected by defense expenditures by using a computable general equilibrium
(CGE) model. CGE model can help to analyze the impact of reducing military
expenditure and can forecast the impact of the investment of reduced military
expenditure in other industries by simulations. Simulations seem that reducing
military expenditure negatively affects economic development, but this research
identifies industries for which increased government expenditures would improve
household well-being when defense expenditures are reduced.