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Defense Spending and Economic Growth:A Theoretical Manifestation for Empirical Studies
Yetkiner, I. Hakan - 2012
Defense literature is still in need of a theoretical framework in the neoclassical sense, in regard to empirical research on the relationship between defense spending and economic growth. In this respect, Dunne, Smith and Willenbockel (2005), although not without technical problems, represented...
Persistent link: https://www.econbiz.de/10011807212
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Further Evidence on Defence Spending and Economic Growth in NATO Countries
Ozun, Alper; Erbaykal, Erman - 2011
The main purpose of this paper is to analyze the causal relationships between defence spending and economic growth using the Toda-Yamamoto approach to Granger causality test in the case of selected NATO countries for the period of 1949-2006. NATO countries spend biggest proportion of defence...
Persistent link: https://www.econbiz.de/10010500182
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Monetary policy, inflation and economic growth in Pakistan: Exploring the co-integration and causality relationships
Chaudhry, Imran Sharif; Qamber, Yasmeen; Farooq, Fatima - In: Pakistan Journal of Commerce and Social Sciences (PJCSS) 6 (2012) 2, pp. 332-347
This paper investigates the long run and short run relationships of monetary policy, inflation and economic growth in Pakistan using co-integration and causality analysis during the period 0f 1972-2010. A large number of empirical studies on the relationships of monetary policy and inflation are...
Persistent link: https://www.econbiz.de/10011938320
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The relationship between housing investment and economic growth in China: A panel analysis using quarterly provincial data
Chen, Jie; Zhu, Aiyong - 2008
China using the quarterly province-level panel data for the period 1999 q1 to 2007 q4. Recently developed econometric … clear support of a stable long-run relationship between housing investment, non-housing investment and GDP in China. We then … country, while the impacts of housing investment on GDP behave strikingly differently in the three sub-regions of China. …
Persistent link: https://www.econbiz.de/10010321479
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Modeling the Defense-Growth Nexus in a Post-Conflict Country - A Piecewise Linear Approach
Reitschuler, Gerhard; Löning, Ludger J. - 2004
The defense-growth nexus is investigated empirically using longitudinal data for Guatemala and allowing the effect of defense spending on growth to be nonlinear. Using recently developed econometric methods involving threshold regressions, evidence of a level-dependent effect of military...
Persistent link: https://www.econbiz.de/10010324185
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Tourism and Economic Growth in Latin American Countries: A Panel Data Approach
Eugenio-Martín, Juan Luis; Morales, Noelia Martín; … - 2004
We consider the relationship between tourism and economic growth for Latin American countries since 1985 until 1998. The analysis proposed is based on a panel data approach and the Arellano-Bond estimator for dynamic panels. We obtain estimates of the relationship between economic growth and...
Persistent link: https://www.econbiz.de/10011324906
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Does growth cause structural change, or is it the other way round?: a dynamic panel data analyses for seven OECD countries
Dietrich, Andreas - 2009
In economic development, structural change among the three main sectors of an economy accompanies with aggregate economic growth. Nevertheless the question whether economic growth causes structural change or change in the economic structure causes aggregate growth is still unanswered. To shed...
Persistent link: https://www.econbiz.de/10010266660
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Financial development and economic growth: evidence from ten new EU members
Caporale, Guglielmo Maria; Rault, Christophe; Sova, Robert - 2009
This paper reviews the main features of the banking and financial sector in ten new EU members, and then examines the relationship between financial development and economic growth in these countries by estimating a dynamic panel model over the period 1994-2007. The evidence suggests that the...
Persistent link: https://www.econbiz.de/10010271094
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Do better schools lead to more growth? Cognitive skills, economic outcomes, and causation
Hanushek, Eric Alan; Woessmann, Ludger - 2009
We investigate whether a causal interpretation of the robust association between cognitive skills and economic growth is appropriate and whether cross-country evidence supports a case for the economic benefits of effective school policy. We develop a new common metric that allows tracking...
Persistent link: https://www.econbiz.de/10010274179
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On the causal links between FDI and growth in developing countries
Hansen, Henrik; Rand, John - 2005
We analyse the Granger causal relationships between foreign direct investment (FDI) and GDP in a sample of 31 developing countries covering 31 years. Using estimators for heterogeneous panel data we find bi-directional causality between the FDI-to-GDP ratio and the level of GDP. FDI has a...
Persistent link: https://www.econbiz.de/10010284580