Meta-analysis, military expenditures and growth

被引:19
|
作者
Yesilyurt, Filiz [1 ]
Yesilyurt, M. Ensar [1 ]
机构
[1] Pamukkale Univ, Dept Econ, Denizli, Turkey
关键词
growth; meta-analysis; military expenditure; robust tests; ECONOMIC-GROWTH; BIAS;
D O I
10.1177/0022343318808841
中图分类号
D81 [国际关系];
学科分类号
030207 ;
摘要
This article conducts a meta-analysis of the effect of military expenditures on growth within a structured analytic framework. We extend the pioneering study of Aynur Alptekin and Paul Levine, by using a much larger sample of studies. Like them we confine our attention to studies that use the share of military expenditure in GDP, the military burden, as the independent variable, but unlike them we include not just those that use the military burden directly, what we call the core sample, but also those that use other functions of it, such as logarithms, differences, etc., which we call the remaining sample. We also consider an overall sample which pools all results. The t-statistic on the coefficient of military burden is used as the dependent variable. Our null hypothesis is that military expenditure has no significant effect on growth and we explain why this is plausible. The estimates are sensitive to the sample and type of data used, estimation method adopted, and the controls included. Overall, the results are consistent with the hypothesis of no effect: the average effect across all studies is close to zero. Certain study characteristics appear significant determinants of the effect of military expenditure on growth, but there does not appear to be a simple pattern and different characteristics were significant in the three samples. This might be a result of data mining to produce a significant result. However, there does not appear to be strong evidence of publication bias towards positive or negative results, perhaps because there is no strong a priori belief in the direction of the effect.
引用
收藏
页码:352 / 363
页数:12
相关论文
共 50 条
  • [21] FINANCIAL DEVELOPMENT AND ECONOMIC GROWTH: A META-ANALYSIS
    Valickova, Petra
    Havranek, Tomas
    Horvath, Roman
    JOURNAL OF ECONOMIC SURVEYS, 2015, 29 (03) : 506 - 526
  • [22] Quantitative easing and economic growth in Japan: A meta-analysis
    Ferreira-Lopes, Alexandra
    Linhares, Pedro
    Martins, Luis Filipe
    Sequeira, Tiago Neves
    JOURNAL OF ECONOMIC SURVEYS, 2022, 36 (01) : 235 - 268
  • [23] Finance and growth: new evidence from meta-analysis
    Asongu, Simplice
    MANAGERIAL FINANCE, 2015, 41 (06) : 615 - +
  • [24] The finance-growth nexus in China: a meta-analysis
    Guo, Fei
    He, Shi
    APPLIED ECONOMICS LETTERS, 2020, 27 (13) : 1071 - 1075
  • [25] The real exchange rate and economic growth: a meta-analysis
    Ridhwan, Masagus M. M.
    Ismail, Affandi
    Nijkamp, Peter
    JOURNAL OF ECONOMIC STUDIES, 2024, 51 (02) : 287 - 318
  • [26] Do military expenditures impede economic growth in 48 Islamic countries? A panel data analysis with novel approaches
    Geng, Liu
    Abban, Olivier Joseph
    Hongxing, Yao
    Ofori, Charles
    Cobbinah, Joana
    Ampong, Sarah Akosua
    Akhtar, Muhammad
    ENVIRONMENT DEVELOPMENT AND SUSTAINABILITY, 2024, 26 (07) : 18725 - 18759
  • [27] Military Expenditures and Economic Growth: The Case of EU Countries
    Danek, Tomas
    EKONOMICKY CASOPIS, 2015, 63 (08): : 853 - 868
  • [28] Military Expenditures and Economic Growth: Case of the EU Countries
    Danek, Tomas
    PROCEEDINGS OF THE 20TH INTERNATIONAL CONFERENCE ON THEORETICAL AND PRACTICAL ASPECTS OF PUBLIC FINANCE 2015, 2015, : 35 - 38
  • [29] Correlation of military expenditures and economic growth: lessons for Romania
    Lobont O.R.
    Glont O.R.
    Badea L.
    Vatavu S.
    Quality & Quantity, 2019, 53 (6) : 2957 - 2968
  • [30] Military expenditures and economic growth in south Korea and Taiwan
    Heo, UK
    Ro, KH
    INTERNATIONAL INTERACTIONS, 1998, 24 (02) : 171 - 186