Military engagement and income inequality in LAC region.
Empirical evidence from 1990 to 2022
Cespic Working Paper 2024/01
Adelaide Baronchelli, Antonella Biscione, Raul Caruso
This paper explores the effect of military engagement and income inequality in a panel of countries in Latin America and Caribbean (LAC) region in the period 1990-2022. This study focuses on both short and a long-term effect of military engagement defined as a country's overall involvement in military activities, including defense spending, military personnel maintenance, and militarization efforts. Results show that: (i) military expenditure as share of GPD appears to have a positive effect on reducing income inequality and (ii) the Global Militarization index play a role in exacerbating income inequality.
