Abu-Qarn, Aamer S.; Abu-Bader, Suleiman - In: The Quarterly Review of Economics and Finance 49 (2009) 3, pp. 931-943
This article investigates the causal relationships between the military expenditures and military burden of the four major sides of the Israeli-Arab conflict, namely, Egypt, Israel, Jordan and Syria over the period 1960-2004. We utilize both the causality test suggested by Toda and Yamamoto...