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| Srl | Item |
| 1 |
ID:
140831
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| Summary/Abstract |
We revisit the causal relationship between military spending and unemployment in the G7 countries applying a bootstrap panel causality analysis that accounts for both cross-sectional dependence and for heterogeneity across countries. Using per capita real GDP as a controlled variable, we found a unidirectional causality running from military spending to unemployment for Canada, Japan, and the US, one-way causality running from unemployment to military spending for France and Germany, and bidirectional causality for Italy and the UK. The empirical evidence does not seem to provide consistent results regarding the causal relationship between military spending and unemployment in G7 countries.
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| 2 |
ID:
139215
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| Summary/Abstract |
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.
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| 3 |
ID:
127916
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| Publication |
2014.
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| Summary/Abstract |
This study reexamines the causal link between electricity consumption, economic growth and CO2 emissions in the BRICS countries (i.e., Brazil, Russia, India, China, and South Africa) for the period 1990-2010, using panel causality analysis, accounting for dependency and heterogeneity across countries. Regarding the electricity-GDP nexus, the empirical results support evidence on the feedback hypothesis for Russia and the conservation hypothesis for South Africa. However, a neutrality hypothesis holds for Brazil, India and China, indicating neither electricity consumption nor economic growth is sensitive to each other in these three countries. Regarding the GDP-CO2 emissions nexus, a feedback hypothesis for Russia, a one-way Granger causality running from GDP to CO2 emissions in South Africa and reverse relationship from CO2 emissions to GDP in Brazil is found. There is no evidence of Granger causality between GDP and CO2 emissions in India and China. Furthermore, electricity consumption is found to Granger cause CO2 emissions in India, while there is no Granger causality between electricity consumption and CO2 emissions in Brazil, Russia, China and South Africa. Therefore, the differing results for the BRICS countries imply that policies cannot be uniformly implemented as they will have different effects in each of the BRICS countries under study.
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