| ID | 139215 |
| Title Proper | Military spending and economic growth in the Middle East countries |
| Other Title Information | bootstrap panel causality test |
| Language | ENG |
| Author | Wolde-Rufael, Yemane ; Chang, Tsangyao ; Pan, Chia-I |
| Summary / Abstract (Note) | This study revisits the causal relationship between military spending and economic growth in 10 Middle East countries via a panel causality analysis that accounts for cross-sectional dependence and heterogeneity across countries. Our results indicate unidirectional causality from military spending to growth for Turkey; one-way causality from economic growth to military spending for Egypt, Kuwait, Lebanon, and Syria; bidirectional causality for Israel; and no causality in either direction for Jordan, Oman, and Saudi Arabia. The empirical evidence does not provide consistent results regarding the causal relationship between defense expenditure and economic growth in these countries. |
| `In' analytical Note | Defence and Peace Economics Vol.26, No.4; Aug.2015: p.443-456 |
| Journal Source | Defence and Peace Economics Vol: 26 No 4 |
| Key Words | Middle East ; Military Spending ; Defence Economy ; Economic Growth ; Panel Causality Test ; Dependency and Heterogeneity ; H56 ; JEL Codes ; O41 ; C23 |