Democracy and Militarization in Developing Countries: A Panel Vector Autoregressive Analysis

This study examines the dynamic relationship between democracy and military in more than 40 developing countries from 1990 to 2017. We investigate interaction institutions using a panel vector autoregressive model impulse response functions as well variance decomposition analyses. show that plays significant role substitution of nonmilitary expenditures for defense expenditures. also positive shocks find responses political systems different indexes including electoral, liberal, participatory, deliberative, egalitarian are negative significant, whereas their not significant. result suggests behavior governments is influenced heavily by spending on sector sector.