The nexus between military expenditures and economic growth in the BRICS and the US: an empirical note | |
Zhong, Ming1; Chang, Tsangyao2; Goswami, Samrat3; Gupta, Rangan4; Lou, Tien-Wei5 | |
刊名 | DEFENCE AND PEACE ECONOMICS |
2017 | |
卷号 | 28期号:5页码:609-620 |
关键词 | Military expenditures Economic growth Bootstrap panel granger causality test BRICS countries |
ISSN号 | 1024-2694 |
DOI | 10.1080/10242694.2016.1144897 |
英文摘要 | This empirical note re-examines the causal linkages between military expenditures and economic growth for the BRICS countries (Brazil, Russia, India, China, and South Africa) and that for the USA during the period 1988-2012. Results of Granger causality tests show that military expenditures influence economic growth in the USA, economic growth influences military expenditures in both Brazil and India, a feedback between military expenditures and economic growth in Russia, and no causal relation exists between military expenditures and economic growth in China and South Africa. The findings of this study can provide important policy implications for the BRICS countries and also for the USA. |
WOS研究方向 | Business & Economics |
语种 | 英语 |
出版者 | TAYLOR & FRANCIS LTD |
WOS记录号 | WOS:000410922200007 |
内容类型 | 期刊论文 |
源URL | [http://10.2.47.112/handle/2XS4QKH4/1086] |
专题 | 上海财经大学 |
通讯作者 | Chang, Tsangyao |
作者单位 | 1.Shanghai Univ Finance & Econ, Dept Insurance, Shanghai, Peoples R China; 2.Feng Chia Univ, Dept Finance, Taichung, Taiwan; 3.Tripura Univ, Dept Econ, Agartala, India; 4.Univ Pretoria, Dept Econ, Pretoria, South Africa; 5.Chinese Culture Univ, Dept Finance, Taipei, Taiwan |
推荐引用方式 GB/T 7714 | Zhong, Ming,Chang, Tsangyao,Goswami, Samrat,et al. The nexus between military expenditures and economic growth in the BRICS and the US: an empirical note[J]. DEFENCE AND PEACE ECONOMICS,2017,28(5):609-620. |
APA | Zhong, Ming,Chang, Tsangyao,Goswami, Samrat,Gupta, Rangan,&Lou, Tien-Wei.(2017).The nexus between military expenditures and economic growth in the BRICS and the US: an empirical note.DEFENCE AND PEACE ECONOMICS,28(5),609-620. |
MLA | Zhong, Ming,et al."The nexus between military expenditures and economic growth in the BRICS and the US: an empirical note".DEFENCE AND PEACE ECONOMICS 28.5(2017):609-620. |
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