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Exploring the Defence Industry´s Macroeconomic and Microeconomic Perspectives under New Security Conditions

Year: 2024

Type: article

Abstract: The purpose of this paper is to explore the economic aspects of the defense industry under new security conditions. The paper utilizes data from SIPRI. To address the impact of the defense industry, descriptive and comparative analysis methods were employed. From statistical methods, regression analysis was applied to selected countries for the years 2014 and 2022. GDP per capita, military expenditures, arms exports, and the granting of military licen ses are interconnected. Arms exports, along with issued arms export licenses, can be considered a driving force for gross domestic product growth.

Source: Challenges to national defence in a contemporary geopolitical situation

DOI: 10.3849/cndcgs.2024.597

Authors: Miroslav KRČ, Vendula HYNKOVÁ

Language: English

Topic: Defense, Military, and Policy Studies

Subfield: Economics and Econometrics

Field: Economics, Econometrics and Finance

Domain: Social Sciences

SDGs: Decent work and economic growth, Peace, justice, and strong institutions

Open Access status: hybrid

OpenAlex ID: W4404148383

FWCI:

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