... for the existence of dominant economies in the system. Design/methodology/approach In this study, the authors employ a Network General Equilibrium GVAR (global vector autoregressive) model. Findings By accounting for the interconnection among the top twelve military spenders, the authors' findings show...

... sectors, thus avoiding the ‘employment trap’ which in turn enabled the US economy to overcome the financial crisis of 2007. Originality/value Firstly, the paper models by means of a network approach which is based on a general equilibrium framework, the linkages between the US sectors while treating...