Tang, Jenn-Hong; Lai, Cheng-Chung; Lin, Eric - In: Defence and Peace Economics 20 (2009) 4, pp. 253-267
This paper investigates the empirical relationships between military expenditure and unemployment rates. A set of global panel data on 46 countries is utilized, and a panel data version of the Granger causality test is applied. The results indicate that there is little evidence of the causality...