| ID | 106127 |
| Title Proper | On the relationship between military expenditure, threat, and economic growth |
| Other Title Information | a nonlinear approach |
| Language | ENG |
| Author | Yang, Albert J F ; Trumbull, William N ; Yang, Chin Wei ; Huang, Bwo-Nung |
| Publication | 2011. |
| Summary / Abstract (Note) | The main objective of the paper is to decipher the military expenditure-economic growth relationship, taking the level of economic development (income) into consideration. Our findings suggest the following: (i) military expenditure has a significantly negative relationship to economic growth for the 23 countries with initial incomes (threshold variable) less than or equal to $475.93; (ii) when the threat level is heightened, economic growth (23 countries) is expected to decrease. However, military expenditure in the presence of sufficiently large threats increases growth; (iii) for the remaining 69 countries whose initial incomes (real GDP per capita in 1992 price) exceed $475.93, no significant relationship exists whether the threat variable is taken into consideration or not. |
| `In' analytical Note | Defence and Peace Economics Vol. 22, No. 4; Aug 2011: p.449-457 |
| Journal Source | Defence and Peace Economics Vol. 22, No. 4; Aug 2011: p.449-457 |
| Key Words | Military Expenditure ; Economic Growth ; Threat ; Threshold |