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Arabia over the period 1970-2012. Using Unit root tests, Johansen’s co-integration test and Granger Causality test. In this … paper we found the existence of bi-directional causality relationship running from Non Oil-GDP to defense expenditure. The … results show that, in Saudi Arabia, the model of defense expenditure is found to hold for Non Oil-GDP …
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This chapter reviews the empirical research on the relation between defense spending and economic growth. A broad flavor of the approaches adopted by different scholars is provided through a list of selected studies on the topic since 1973 and an outline of the variations over Benoit's original...
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