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ID151402
Title ProperDefense spending and economic growth
Other Title Informationevidence from China, 1952–2012
LanguageENG
AuthorAugier, Mie ;  McNab, Robert ;  Guo, Jerry ;  Karber, Phillip
Summary / Abstract (Note)This paper examines whether defense expenditures contributed to economic growth in China for the 1952–2012 period. We examine the contribution of defense to economic growth using recently published official data on economic activity, defense, and government expenditures. We employ the Feder-Ram and augmented Solow models of economic growth to explore the defense-growth relationship. The Feder-Ram model appears to poorly explain economic growth in China. The augmented Solow model suggests, however, that a 1% increase in defense expenditures raises the economic growth rate by approximately 0.15–0.19%.
`In' analytical NoteDefence and Peace Economics Vol. 28, No.1; Feb 2017: p.65-90
Journal SourceDefence and Peace Economics Vol: 28 No 1
Key WordsChina ;  Economic Growth ;  Defense Expenditures ;  Defense-Growth Relationship


 
 
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