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Title: To spend or not to spend? The case of defence expenditure in the context of the Greek crisis
Authors: Andreou, Andreas S. 
Migiakis, Petros M. 
Zombanakis, George A. 
Keywords: Defence expenditure;Defence industrial base;Neural networks
Category: Economics and Business
Field: Social Sciences
Issue Date: 2014
Publisher: Praise Worthy Prize
Source: International Review on Computers and Software Volume 9, Issue 8, 2014, Pages 1484-1495
Abstract: The aim of this paper is to evaluate the recipe that requires defence expenditure reductions in an environment of severe budget cuts together with rising costs. The case of Greece, a country that is in the process of recovering from a six-year economic crisis, provides an example of an economy in which an import – substitution strategy via the promotion of the Hellenic Defence Industrial Base potential can contribute to both economic growth and unemployment reduction, thus adding to the effectiveness of the import-substitution policies employed and compromising between an austerity programme and the defence needs of the country.
ISSN: 18286003
Rights: © 2014 Praise Worthy Prize S.r.l. - All rights reserved.
Type: Article
Appears in Collections:Άρθρα/Articles

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