| ID | 120391 |
| Title Proper | Military expenditure and economic growth in developing countries |
| Other Title Information | evidence form system Gmm estimates |
| Language | ENG |
| Author | Hou, Na ; Chen, Bo |
| Publication | 2013. |
| Summary / Abstract (Note) | The effect of military expenditure on economic growth in developing countries has been investigated by many empirical literatures. However, there is little consensus of that effect and the diversity seems to come from the use of different models and different estimators. This article applies the Augmented Solow Growth Model to examine the influence of military expenditure on economic growth for 35 developing countries over the period of 1975-2009. By using the system Generalized Method of Moments (GMM) estimators, empirical results indicate that defence has a negative and significant effect on economic growth in the sample countries. |
| `In' analytical Note | Defence and Peace Economics Vol. 24, No.3; Jun 2013: p.183-193 |
| Journal Source | Defence and Peace Economics Vol. 24, No.3; Jun 2013: p.183-193 |
| Key Words | Military Expenditure ; Augmented Solow Growth Model ; Developing Countries ; System GMM Estimates |