| ID | 151402 |
| Title Proper | Defense spending and economic growth |
| Other Title Information | evidence from China, 1952–2012 |
| Language | ENG |
| Author | Augier, 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 Note | Defence and Peace Economics Vol. 28, No.1; Feb 2017: p.65-90 |
| Journal Source | Defence and Peace Economics Vol: 28 No 1 |
| Key Words | China ; Economic Growth ; Defense Expenditures ; Defense-Growth Relationship |