The Impact of Defense Expenditure on Economic Growth: Panel Data Analysis Based on the Feder Model

2009 ◽  
Vol 4 (1) ◽  
pp. 141-154 ◽  
Author(s):  
Shio Ando
Author(s):  
Ziya Çağlar Yurttançıkmaz ◽  
Ömer Selçuk Emsen ◽  
Ahmet Fatih Aydemir ◽  
Ahmet Alkan Çelik

As economic growth is very important for the development of individuals and the society, the importance of capital stocks and labor force for the economic growth of countries cannot be neglected. Additionally, the human capital component and especially the role of competitiveness increases on the growth process have been extensively discussed over the last two decades. This paper examines the impact of competitiveness increases on economic growth of selected middle-income countries including Turkey for the period of 1997-2012 using a balanced panel data analysis, which was relatively less studied in the literature. According to analysis results, an increase on the competitiveness index of countries in the panel, which were obtained from the data set of the International Institute for Management Development (IMD), positively increases per capita income level. This result may be interpreted as several factors that increase competitiveness including infrastructure, economic structure, business world and regulations and investments that ensure public efficiency may have a positive impact on economic growth. Therefore, this study suggests that future policies that concentrate on extensive growth instead of intensive dimension may contribute to efficient and sustainable growth.


2019 ◽  
Author(s):  
Ke Hong YU ◽  
Xiao Mei Gan ◽  
Xu WEN

Abstract Background: This study aimed to empirically examine the influence of China’s macroeconomic development on the height of Chinese youth in the past 30 years, using provincial panel data collected from more than one million children. Methods: Panel data from seven longitudinal surveys (1985, 1991, 1995, 2000, 2005, 2010, and 2014) of the Chinese National Surveys on Students’ Constitution and Health, including students aged 7–22 years from 27 provinces, were utilized for data analysis. Fixed-effects models were used to estimate the association between economic growth and height. Results: For every 1% increase in per capita disposable income (PCDI), the average height of students significantly increased by approximately 0.009%. Stated another way, this implies that a doubling of income is associated with 0.9% increase in height, which is significant for height. The coefficient of PCDI in the last decade is higher than that of in the early two decades. The average height of boys was approximately 3.9% higher than that of girls. The average height difference between high and low ages in the sample was 1.9%. The impact of policies on students' height was extremely small and may have little practical significance. Conclusion: China’s economic growth has a significant positive effect on the height of urban Chinese students without stagnation.


2019 ◽  
Vol 17 (2) ◽  
pp. 38-48
Author(s):  
Martin Luter ◽  
Irlan Indrocahyo ◽  
Islahwani Loka Vita Resti

This study investigates the impact of infrastructure spending on economic growth in Nusa Tenggara Timur (NTT). This study uses secondary data from 2010-2017 obtained Direktorat Jenderal Perimbangan Keuangan (DJPK) and Badan Pusat Statistik (BPS). Methods of this study applying panel data analysis to find out the effect of infrastructure spending on NTT’s economic growth. The finding of the study indicates that the road and construction infrastructure spending has a positive and significant effect on economic growth in Nusa Tenggara Timur. Thus, it would be better if government infrastructure spending could be prioritized on road and building construction projects. In addition, spending on other infrastructure such as bridges, water networks, electrical and telephone installations is better governed, so that more effective in increasing NTT's economic growth.


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