| ID | 155302 |
| Title Proper | Nexus between military expenditures and economic growth in the BRICS and the US |
| Other Title Information | an empirical note |
| Language | ENG |
| Author | Gupta, Rangan ; Chang, Tsangyao ; Zhong, Ming ; Goswami, Samrat |
| Summary / Abstract (Note) | This empirical note re-examines the causal linkages between military expenditures and economic growth for the BRICS countries (Brazil, Russia, India, China, and South Africa) and that for the USA during the period 1988–2012. Results of Granger causality tests show that military expenditures influence economic growth in the USA, economic growth influences military expenditures in both Brazil and India, a feedback between military expenditures and economic growth in Russia, and no causal relation exists between military expenditures and economic growth in China and South Africa. The findings of this study can provide important policy implications for the BRICS countries and also for the USA. |
| `In' analytical Note | Defence and Peace Economics Vol. 28, No.5; Oct 2017: p.609-620 |
| Journal Source | Defence and Peace Economics Vol: 28 No 5 |
| Key Words | Military Expenditures ; Economic Growth ; BRICS Countries ; Bootstrap Panel Granger Causality Test |