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| Adelaide Baronchelli, Antonella Biscione and Raul Caruso |
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| ''Exploring the relationship between military engagement and income inequality in the LAC region (1990-2022)'' |
| ( 2025, Vol. 45 No.2 ) |
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| In this paper, we investigate the relationship between military engagement, defined as a country's overall involvement in military activities, and income inequality using a panel of countries in the Latin America and Caribbean (LAC) region from 1990 to 2022. We consider both short and a long-term effect of military engagement by using two distinct measures: the military burden, defined as the proportion of military spending to GDP, and the Global Militarization Index (GMI). We interpret the military burden as a short-term indicator and the GMI as a long-term measure. Our results reveal that: (i) the military burden is negatively correlated with income inequality, while (ii) the GMI is positively associated with it.
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| Keywords: income inequality, Gini index, military engagement, political regime, LAC region |
JEL: D6 - Welfare Economics: General
D3 - Distribution: General |
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| Manuscript Received : Feb 27 2025 | | Manuscript Accepted : Jun 30 2025 |
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