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O41 (2) answer(s).
 
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ID:   143601


Military expenditures, economic growth and spatial spillovers / Yildirim, Jülide; Öcal, Nadir   Article
Yildirim, Jülide Article
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Summary/Abstract The relationship between economic growth and military expenditure has been the subject of a large literature in defence economics. This study analyses the influence of military expenditures on economic growth in a global perspective for the time period 2000–2010 taking spatial dimension into account. The augmented Solow model is employed to investigate the defence-growth nexus using the cross-sectional data relating to 128 countries. Following a traditional regression analysis, spatial variations in the relationships are examined utilizing different spatial econometric specifications estimated by maximum likelihood. The regressions are compared with each other via likelihood ratio tests, and the spatial Durbin model is found to be the most appropriate one suggesting that the typical least-squares model is misspecified. Empirical evidence indicates that military expenditure has a positive effect on economic growth with a significant spatial dependence for the time period under consideration.
Key Words Military Expenditure  ;  Economic Growth  ;  O41  ;  Spatial Data Analysis  ;  C21  ;  H5  ; 
O47 
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2
ID:   139215


Military spending and economic growth in the Middle East countries: bootstrap panel causality test / Pan, Chia-I; Chang, Tsangyao; Wolde-Rufael, Yemane   Article
Wolde-Rufael, Yemane Article
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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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