arms production-oriented. As defence provision is also partly transferred to business through Public-private partnership …. Is defence bound to move from its long status of public good to the one of financial asset? JEL: L60, G3 …

Challenges the claims of a previous article which tested the long-run relationship between economic growth and defence …-causally related to each other in any direction. Shows that there is a unidirectional Granger causality running from defence …

Using cointegration and Granger causality tests, examines the causal relationship between defence spending and economic … growth in mainland China over the period 1950-1991. The results show that defence spending is not cointegrated with the real …

in times of crisis, since it suggests an immunity to the central bank's interest rate defence. In equilibrium, however …

rate and defence spending in 18 OECD countries during the period 1962-1988. Reveals that the relationship which exists … between unemployment rate and defence spending is not uniform across countries. Defence spending has a favourable impact on … Belgium, non-defence spending and the unemployment rate are causally independent. Defence spending appears to act as a …

Proposes to re-examine empirically the causal relationship between defence spending and economic growth in mainland … defence spending to economic growth. Second, by evaluating a dynamic vector error-correction model, variance decomposition and … impulse response functions, then analyses the direction, duration and strength of Granger-causality between defence spending …