| ID | 192055 |
| Title Proper | Empirical Analysis of Arms Exports and Economic Growth Spillovers |
| Other Title Information | the Case of the United States |
| Language | ENG |
| Author | Callado Muñoz, Francisco José |
| Summary / Abstract (Note) | In this paper, we study closely the relationship between arms exports, labor productivity and economic growth. Using a connectedness-measurement technology fundamentally grounded in modern network theory, we determine the size and direction of the spillover effects between these three variables. Our findings indicate that shocks from arms exports have direct spillovers over the labor productivity and GDP growth, whereas the reverse is not captured by our data. We also provide a dynamic analysis of the spillovers that confirm the direction of spillovers from arms exports to the other variables. The recent evolution of arms exports from the United States together with the changes in arms exports policy show the timeliness of studying the effects of this particular trade to the rest of the economy. |
| `In' analytical Note | Defence and Peace Economics Vol. 34, No.7; Nov 2023: p.893-913 |
| Journal Source | Defence and Peace Economics Vol: 34 No 7 |
| Key Words | Arms Exports ; Growth ; Variance Decomposition ; Spillovers ; Cconnectedness |