Raifu, Isiaka Akande - In: European Journal of Government and Economics (EJGE) 11 (2022) 2, pp. 167-192
This study adopts ARDL and VAR estimation methods to examine whether military spending crowd-out or crowd-in private investment in Nigeria. We use the data that covers the period from 1970 to 2019. Our results, based on the ARDL method, show that military spending only crowds-out private...