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The relationship between economic growth and military spending in China is examined. An empirical model of China … China is on the way to becoming the dominant regional power in Asia. Results further indicate that while China's military …. Long-term forecasts made employing the empirical military spending model for China introduced in this paper, conditional on …
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One of the necessities of public life and one of the basic elements of the state aiming to fulfill the demands and requirements of individuals which form the community is sovereignty. Sovereignty is separated into two as internal and external. This means, state should provide internal security...
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This study investigates the relationship between British economic performance and various macroeconomic factors during the rise and fall of Great Britain as a great power from 1830 to 1980. It has generated a number of interesting findings. First, Britain's military spending is found to have a...
Persistent link: https://www.econbiz.de/10009215141
There are a number of studies which consider the relation between military spending and economic growth using Granger causality techniques rather than a well-defined economic model. Some have used samples of groups of countries, finding no consistent results. Others have focused on case studies...
Persistent link: https://www.econbiz.de/10009215192
A large literature has used tests for Granger (1969) non-causality, GNC, to examine the interaction of military spending with the economy. Such tests answer a specific although quite limited question: can one reject the null hypothesis that one variable does not help predict another? If one can...
Persistent link: https://www.econbiz.de/10009215204
How does competitive arms accumulation affect investment and capital accumulation? In a dynamic optimization framework including both investment and military spending, we find that, when the utility function is separable between consumption and the weapon stocks, an unanticipated rise in current...
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