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The impact of terrorist attacks on foreign exchange rate : case study of Turkish lira versus pound sterling
Maitah, Mansoor; Mustofa, Jehar; Ugur, Gok - In: Economies : open access journal 5 (2017) 1, pp. 1-8
long-run. However, the negative effect of terrorism tends to be small in both the short-run and long-run. More precisely …
Persistent link: https://www.econbiz.de/10011613298
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Does military expenditure influence economic growth in Nigeria during 1989 - 2013? : a bound testing approach
Apanisile, Tolulope Olumuyiwa; Okunlola, Charles Olalekan - In: Romanian journal of fiscal policy : RJFP 5 (2014) 2, pp. 56-71
The study examines the effect of military expenditure on output in Nigeria both in the short-run and in the long-run period. In addition, it verified whether military expenditure is an economically non-contributive activity using ARDL bounds testing approach to co-integration. Results showed...
Persistent link: https://www.econbiz.de/10010492722
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Does defence expenditure deter economic growth in Turkey? A cointegration analysis
Karagol, Erdal; Palaz, Serap - In: Defence and Peace Economics 15 (2004) 3, pp. 289-298
This paper investigates a series of unit root, cointegration and causality tests to ascertain the direction of causality between the growth of GNP and defence expenditure in Turkey for the years 1955-2000. The main conclusion is that there is a long-run equilibrium relationship between GNP and...
Persistent link: https://www.econbiz.de/10005462809
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State-space cointegration modeling for the analysis of exogenous shocks to prices in Israeli-Palestinian food trade
Ihle, Rico; Götz, Linde Johanna; Rubin, Ofir D. - 2011
The Israeli-Palestinian conflict constitutes a prominent example of a long-lasting political conflict which has major consequences for the livelihoods of the people on both sides. The agricultural sectors of the Palestinian and Israeli economies are tightly connected. However, various security...
Persistent link: https://www.econbiz.de/10010356541
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Terrorism and tourism: A conjunction and ramification in Pakistan
Raza, Syed Ali; Jawaid, Syed Tehseen - In: Economic Modelling 33 (2013) C, pp. 65-70
This study investigates the impact of terrorism activities on tourism in Pakistan by using the annual time series data … long run relationship between terrorism and tourism. Results indicate the significant negative impact of terrorism on … tourism in the long run as well as in the short run. Results of rolling window estimation method indicate that terrorism …
Persistent link: https://www.econbiz.de/10010738003
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Interdependence between US and European Military Spending : A Panel Cointegration Analysis (1988-2013)
Caruso, Raul - 2015
The aim of this paper is to study the interdependence of military spending between US and a panel of European countries in the period 1988-2013. The empirical estimation is based on a: (i) a unit root tests and a cointegration analysis; (ii) FMOLS and DOLS estimations. General results highlight...
Persistent link: https://www.econbiz.de/10013022255
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Consequential Effects of Defence Expenditure on Economic Growth of Saudi Arabia : 1970-2012
Ageli, Mohammed Moosa; Zaidan, Shatha Mousa - 2013
This study investigates the causality relationship between defense expenditures and Non Oil economic growth in Saudi Arabia over the period 1970-2012. Using Unit root tests, Johansen’s co-integration test and Granger Causality test. In this paper we found the existence of bi-directional...
Persistent link: https://www.econbiz.de/10014158522
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Defence Spending and Growth in Cyprus: A Causal Analysis
Kollias, Christos; Naxakisb, Charis; Zarangasb, Leonidas - In: Defence and Peace Economics 15 (2004) 3, pp. 299-307
The causal relationship between economic growth and defence spending has attracted considerable attention and has been the subject of many empirical studies. Hoping to contribute to the existing pool of literature, this paper examines the relationship between military expenditure and growth in...
Persistent link: https://www.econbiz.de/10005462792
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Persistence in Airline Accidents
Barros, Carlos Pestana; Faria, João Ricardo; … - ISEG - School of Economics and Management, Department … - 2008
This paper analyses airline accident data from 1927-2006, through fractional integration. It is shown that airline accidents are persistent and (fractionally) cointegrated with airline traffic. There exists a negative relation between air accidents and airline traffic, with the effect of the...
Persistent link: https://www.econbiz.de/10005628406
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The effects of terrorism and economic indicators on bank loans to the private sector : evidence from developing countries
Ilarslan, Kenan; Yildiz, Munevvere - In: Emerging markets, finance & trade : a journal of the … 58 (2022) 2, pp. 329-341
Persistent link: https://www.econbiz.de/10012802080