Raifu, Isiaka Akande - In: European journal of government and economics : EJGE 11 (2022) 2, pp. 167-192
investment in Nigeria. We use the data that covers the period from 1970 to 2019. Our results, based on the ARDL method, show that … military spending only crowds-out private investment in the short run. In the long run, military spending crowds in private … investment. The results are robust to the use of alternative estimation methods. Specifically, IRF results show that military …
