Military expenditure and economic growth: A demand and supply model for Greece, 1960–96*

2001 ◽  
Vol 12 (1) ◽  
pp. 47-67 ◽  
Author(s):  
Paul Dunne ◽  
Eftychia Nikolaidou
Keyword(s):  
Economic Growth ◽  
Military Expenditure ◽  
Demand And Supply ◽  
Supply Model

A demand and supply model of economic growth

De Economist ◽  
1973 ◽  
Vol 121 (6) ◽  
pp. 553-608 ◽  
Author(s):  
S. K. Kuipers
Keyword(s):  
Economic Growth ◽  
Demand And Supply ◽  
Supply Model

scholarly journals Military Expenditure and Economic Growth in Asean-5 Countries

2009 ◽  
Vol 2 (2) ◽  
Author(s):  
M.T. Hirnissa ◽  
Muzafar Shah Habibullah ◽  
A.H. Baharom
Keyword(s):  
Economic Growth ◽  
Military Expenditure

scholarly journals Dynamic Relationship Between Energy and Economic Growth: Evidence from D8 Countries.

2011 ◽  
Vol 50 (4II) ◽  
pp. 437-458 ◽  
Author(s):  
Sarwat Razzaqi ◽  
Faiz Bilquees ◽  
Saadia . Sherbaz
Keyword(s):  
Economic Growth ◽  
Granger Causality ◽  
Energy Use ◽  
Demand And Supply ◽  
Dynamic Relationship ◽  
Long Run ◽  
Production And Consumption ◽  
Short Run ◽  
Oil Embargo ◽  
The Relationship

Energy sector has a vital influence on an economy, on both demand and supply sides. Therefore, energy production and consumption bear great importance for the developing world. The oil embargo of 1970‘s and its impact on major macroeconomic variables throughout the world attracted many economists to examine the relationship between energy and economic prosperity. The researchers have been unable to establish a definitive direction of causality between the two variables. The purpose of this study is to empirically investigate the dynamic relationship between energy use and economic growth in the D8 countries. The evidence gathered through application of VAR Granger Causality, Johansen Cointegration and VECM proves existence of short-run and long-run correlation between energy use and economic development in all countries. The results supported either uni-directional or bi-directional causality in the D8 countries except for Indonesia in short-run where non-causality was established between the two variables. JEL classifications: C22; Q43. Keywords: Energy Use, Economic Growth, D8, VAR Granger Causality, Cointegration, VECM

scholarly journals Military Expenditure, Endogeneity and Economic Growth

2018 ◽  
Vol 30 (5) ◽  
pp. 509-524 ◽  
Author(s):  
Giorgio d’Agostino ◽  
John Paul Dunne ◽  
Luca Pieroni
Keyword(s):  
Economic Growth ◽  
Military Expenditure

The Impact of Military Spending on Economic Development

2018 ◽  
pp. 182-191
Author(s):  
Saptarshi Chakraborty
Keyword(s):  
Economic Growth ◽  
Causal Effect ◽  
Large Fraction ◽  
Military Spending ◽  
Military Expenditure ◽  
Policy Debate ◽  
External Threats ◽  
The Cost ◽  
The Military ◽  
The Impact

Some countries spend a relatively large percentage of GDP on their militaries in order to preserve or secure their status as global powers. Others do so because they are ruled by military governments or aggressive regimes that pose a military threat to their neighbors or their own populations. It is debatable whether there is a causal relationship between military spending and economic growth in the economy. It is again a policy debate how much to allocate funds for civilian and how much for military expenditure. Under these puzzling results of the impact of military expenditure on economic growth which is frequently found to be non-significant or negative, yet most countries spend a large fraction of their GDP on defense and the military. The chapter tries to investigate the relationship between military spending and economic growth in India. It also sees whether external threats, corruption, and other relevant controls have any causal effect. This chapter obtains that additional expenditure on Indian military in the presence of additional threat is significantly detrimental to growth implying that India cannot afford to fight or demonstrate power at the cost of its development.

Sign in / Sign up

Export Citation Format

Share Document