MILITARY EXPENDITURE AND ECONOMIC GROWTH IN DEVELOPING COUNTRIES: EVIDENCE FROM SYSTEM GMM ESTIMATES

被引：56

作者：

Hou, Na ^{[1
]}

Chen, Bo ^{[1
]}

机构：

[1] Cent Univ Finance & Econ, Inst Def Econ & Management, Beijing, Peoples R China

来源：

DEFENCE AND PEACE ECONOMICS | 2013年 / 24卷 / 03期

关键词：

Military expenditure; The Augmented Solow Growth Model; Developing countries; System GMM estimates; PANEL-DATA; DEFENSE EXPENDITURES; PEACE-DIVIDEND; CIVIL-WARS; EMPIRICS; MODEL;

D O I：

10.1080/10242694.2012.710813

中图分类号：

F [经济];

学科分类号：

02 ;

摘要：

The effect of military expenditure on economic growth in developing countries has been investigated by many empirical literatures. However, there is little consensus of that effect and the diversity seems to come from the use of different models and different estimators. This article applies the Augmented Solow Growth Model to examine the influence of military expenditure on economic growth for 35 developing countries over the period of 1975-2009. By using the system Generalized Method of Moments (GMM) estimators, empirical results indicate that defence has a negative and significant effect on economic growth in the sample countries.

引用

页码：183 / 193

页数：11

共 47 条

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