The long-run causal relationship between military expenditure and economic growth in China: revisited

Dimitraki, Ourania and Menla Ali, Faek (2013) The long-run causal relationship between military expenditure and economic growth in China: revisited. Defence and Peace Economics, 26 (3). pp. 311-326. ISSN 1024-2694 (Accepted)

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Abstract

This paper re-examines the long-run causal relationship between military expenditure and economic growth in China over the period 1952-2010. An empirical econometric analysis based on a Barro-style growth model is conducted. By employing the Bartlett corrected trace test, which provides better approximations of the finite sample distribution to determine the rank of cointegration, the results support the existence of a single long-run equilibrium relationship between the variables. Furthermore, it is confirmed that the cumulated shocks of military expenditure primarily originate from different components of shocks that relate to economic development rather than the other way round. © 2013 Taylor & Francis

Item Type: Article
Schools and Departments: School of Business, Management and Economics > Business and Management
Depositing User: Joy Blake
Date Deposited: 01 Dec 2017 14:11
Last Modified: 01 Dec 2017 14:11
URI: http://sro.sussex.ac.uk/id/eprint/71713
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