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Effect of Military Spending on Private Investment in Nigeria : Does Crowding-Out Effect Exist?

Raifu, Isiaka Akande - 2022

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 …

Persistent link: https://www.econbiz.de/10014237211

Effect of military spending on private investment in Nigeria: Does a crowding-out effect exist?

Raifu, Isiaka Akande - In: European Journal of Government and Economics (EJGE) 11 (2022) 2, pp. 167-192

Persistent link: https://www.econbiz.de/10014551761

Arms production, national defense spending and arms trade : examining supply and demand

Blum, Johannes - 2019

Scholars have estimated demand functions for national defense spending and investigated international arms trade for a long time. The relationship between supply and demand for military goods has, however, only been examined on aggregate level or in formal models yet. I investigate how the...

Persistent link: https://www.econbiz.de/10012061352

The demand for military spending in Latin American countries

Kollias, Chrēstos; Paleologou, Suzanna-Maria; … - In: Latin American economic review : LAER ; official … 27 (2018), pp. 1-27

The allocation of resources to defence and national security is influenced by several factors, both domestic and external. Empirical findings suggest that military spending is determined by economic, strategic, political, and security factors. Studies that estimate demand functions for such...

Persistent link: https://www.econbiz.de/10012029547

The effect of military spending on economic growth in MENA : evidence from method of moments quantile regression

Raifu, Isiaka Akande; Aminu, Alarudeen - In: Future Business Journal 9 (2023), pp. 1-21

This study adopted a novel quantile regression via moments to explore the effects of military spending on the distribution of economic growth of 14 MENA countries over the period from 1981 to 2019. The method, apart from enabling us to investigate the effects of military spending on the...

Persistent link: https://www.econbiz.de/10014373680

Democracy's third wave and national defense spending

Blum, Johannes - 2020

I investigate how the third wave of democracy influenced national defense spending by using a panel of 110 countries for the period 1972-2013. I use new SIPRI data on military expenditure, which has been extended to years prior to 1988 and four democracy measures to address differences among...

Persistent link: https://www.econbiz.de/10012300935