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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 … testing approach to co-integration. Results showed that military spending has negative and significant effect on output in the … military spending contributes nothing to output in the short-run. …
Persistent link: https://www.econbiz.de/10010492722
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The worst of both worlds : fiscal policy and fixed exchange rates
Born, Benjamin; D'Ascanio, Francesco; Müller, Gernot J.; … - 2019
real exchange rate, according to Keynesian views because it impacts output. Both views have merit because the effects of … government spending are asymmetric. A spending cut lowers output but does not alter the real exchange rate. A spending increase … appreciates the exchange rate but does not alter output unless there is economic slack. We establish these results in a small open …
Persistent link: https://www.econbiz.de/10012118599
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Monetary policy transmission and the labour market in the non‑eurozone Visegrad Group Countries in 2000-2014 : evidence from a SVAR Analysis
Włodarczyk, Przemysław - In: Comparative economic research : Central and Eastern Europe 20 (2017) 4, pp. 23-43
lagged, hump‑shaped reactions of output, employment and unemployment in each of the analysed countries. …
Persistent link: https://www.econbiz.de/10011877095
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Military spending and economic growth : the case of Iran
Farzanegan, Mohammad Reza - 2012 - This version: 21 April 2012
Over the last decade, the Iranian government budget on military has been higher than the average of the world. The current increasing international sanctions aim to reduce the military capabilities and capacities of the Iranian government. We analyze the response of the Iranian economy to shocks...
Persistent link: https://www.econbiz.de/10009534020
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Military Expenditures and Inequality : Empirical Evidence from Global Data
Ali, Hamid E. - 2011
A substantial body of literature has uncovered a robust relationship between institutions including unionization and political democracy and economic inequality. This paper examines the effect of military spending on inequality, controlling for the size of the armed forces, GDP growth, per...
Persistent link: https://www.econbiz.de/10013120469
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Corruption and Military Spending
Gupta, Sanjeev - 2006
Anecdotal evidence relates corruption with high levels of military spending. This paper tests empirically whether such a relationship exists. The empirical analysis is based on data from four different sources for up to 120 countries in the period 1985-98, The association between military...
Persistent link: https://www.econbiz.de/10012782928
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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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Development of military spending determinants in Baltic countries : empirical analysis
Odehnal, Jakub; Neubauer, Jiří; Dyčka, Lukáš; … - In: Economies : open access journal 8 (2020) 3/68, pp. 1-18
The article presents the use of the ARDL model to identify military expenditure determinants of the Baltic States (Lithuania, Latvia, and Estonia). Factors influencing military expenditure include the variables characterizing the economic environment of the analyzed countries (GDP per Capita,...
Persistent link: https://www.econbiz.de/10012296105
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Modeling the Defense-Growth Nexus in a Post-Conflict Country : A Piecewise Linear Approach
Reitschuler, Gerhard; Loening, Josef Ludger - 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/10014070636
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The effect of military spending on economic growth in MENA : evidence from method of moments quantile regression
Raifu, Isiaka Akande; Aminu, Alarudeen - In: Future Business Journal 9 (2023), pp. 1-21
This study adopted a novel quantile regression via moments to explore the effects of military spending on the distribution of economic growth of 14 MENA countries over the period from 1981 to 2019. The method, apart from enabling us to investigate the effects of military spending on the...
Persistent link: https://www.econbiz.de/10014373680