The relationship between economic growth and military spending in China is examined. An empirical model of China's military spending is introduced that is consistent with economic and international political science theories. The findings reveal a positive relationship between military spending...

In this article, effects of stock price developments on employment are examined. For this purpose, the reduced-form equation of the Keynes-Weintraub-Davidson model for employment is augmented with stock prices. Estimation of the reduced-form equation, employing cointegration methodology and...

This paper examines the role of exports in aggregate economic growth in the United States using band spectral regression. Our findings reveal a predictable relationship between long-run frequency components of real export growth and real GDP growth over the post-Bretton Woods period of flexible...