Population and labour market
Population and labour market Inhabitants are all people (Germans and foreigners) with permanent residence in federal territory (or in a Land). That does not include members of…
See page
Kommentar: Die Schuldenfinanzierung höherer Militärausgaben ist Augenwischerei
Oliver Holtemöller
Wirtschaft im Wandel,
No. 1,
2022
Abstract
Die Bundesregierung will zusätzliche Militärausgaben in Höhe von 100 Mrd. Euro über ein „Sondervermögen“ finanzieren. Dies täuscht darüber hinweg, dass mehr Militärausgaben nicht ohne Einschränkungen an anderer Stelle, z. B. bei Investitionen für den Klimaschutz, zu haben sind. Eine Finanzierung über höhere Steuern wäre transparenter und würde die wirtschaftliche Leistungsfähigkeit des Einzelnen berücksichtigen.
Read article
Military Directors, Governance and Firm Behavior
Chen Cai, Iftekhar Hasan, Yinjie (Victor) Shen, Shuai Wang
Advances in Accounting,
December
2021
Abstract
We build a large dataset of board of directors with military experience and document a substantial and persistent presence of independent military directors serving on corporate boards. We find that firms with independent military directors are associated with better monitoring outcomes, including less excessive CEO compensation, greater forced CEO turnover–performance sensitivity, and less earnings management.
Read article
The Effects of Local Elections on National Military Spending: A Cross-country Study
Liuchun Deng, Yufeng Sun
Defence and Peace Economics,
No. 3,
2017
Abstract
In this paper, we study the domestic political determinants of military spending. Our conceptual framework suggests that power distribution over local and central governments influences the government provision of national public goods, in our context, military expenditure. Drawing on a large cross-country panel, we demonstrate that having local elections will decrease a country’s military expenditure markedly, controlling for other political and economic variables. According to our preferred estimates, a country’s military expenditure is on average 20% lower if its state government officials are locally elected, which is consistent with our theoretical prediction.
Read article
