The Long-term Relationship between Military Expenditure and Economic Growth the NATO Countries

被引：0

作者：

Hron, Filip ^{[1
]}

Fryd, Lukas ^{[2
]}

机构：

[1] Univ Econ Prague, Dept Econometr, Winston Churchill Sq 4, Prague 13067, Czech Republic

[2] Univ Econ Prague, 1Dept Econometr, Winston Churchill Sq 4, Prague 13067, Czech Republic

来源：

38TH INTERNATIONAL CONFERENCE ON MATHEMATICAL METHODS IN ECONOMICS (MME 2020) | 2020年

关键词：

cross-section dependence; military; economic growth; panel cointegration; UNIT-ROOT TESTS; PANELS; DEFENSE;

D O I：

暂无

中图分类号：

F [经济];

学科分类号：

02 ;

摘要：

This paper aims to detect long term equilibrium between economic growth and military expenditure for 22 NATO members during the years 1988 and 2017. This study is used advanced panel techniques, that assumes the existence of cross-section dependence. We find that among GDP, military expenditure and capital formation exist cointegration relationship. Moreover, the impact of military expenditures is relatively similar to capital formation impact.

引用

页码：200 / 204

页数：5

共 17 条

[1] GROWTH AND DEFENSE IN DEVELOPING-COUNTRIES [J].

BENOIT, E .

ECONOMIC DEVELOPMENT AND CULTURAL CHANGE, 1978, 26 (02) :271-280

[2]

Benoit Emile., 1973, Defense and Economic Growth in Developing Countries

[3]

Bilingsley P., 1968, CONVERGENCE PROBABIL

[4] Panel unit root tests under cross-sectional dependence [J].

Breitung, J ;

Das, S .

STATISTICA NEERLANDICA, 2005, 59 (04) :414-433

[5] Factor Models in Panels with Cross-sectional Dependence: An Application to the Extended SIPRI Military Expenditure Data [J].

Cavatorta, Elisa ;

Smith, Ron P. .

DEFENCE AND PEACE ECONOMICS, 2017, 28 (04) :437-456

[6] LAG ORDER AND CRITICAL-VALUES OF THE AUGMENTED DICKEY-FULLER TEST [J].

CHEUNG, YW ;

LAI, KS .

JOURNAL OF BUSINESS & ECONOMIC STATISTICS, 1995, 13 (03) :277-280

[7]

dAgostino G., 2010, OXFORD HDB EC PEACE

[8] COINTEGRATION AND ERROR CORRECTION - REPRESENTATION, ESTIMATION, AND TESTING [J].

ENGLE, RF ;

GRANGER, CWJ .

ECONOMETRICA, 1987, 55 (02) :251-276

[9] Common Correlated Effects Estimation of Dynamic Panels with Cross-Sectional Dependence [J].

Everaert, Gerdie ;

De Groote, Tom .

ECONOMETRIC REVIEWS, 2016, 35 (03) :428-463

[10]

Greene H.W., 2008, ECONOMETRIC ANAL, V6th

← 1 2 →