TY - JOUR PY - 2001// TI - Does UK - defence spending crowd-out UK - private sector investment? JO - Defence and peace economics A1 - Scott, J. P. SP - 325 EP - 336 VL - 12 IS - 4 N2 - This study tests the hypothesis that defence spending “crowds-out” civil investment. It uses UK data for 1974-96. The results suggest that the crowding-out of investment takes place entirely in the private sector.

LA - SN - 1024-2694 UR - http://dx.doi.org/10.1080/10430710108404991 ID - ref1 ER -