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The long-run causal relationship between military expenditure and economic growth in China: revisited
journal contribution
posted on 2023-06-09, 09:08 authored by Ourania Dimitraki, Faek Menla AliFaek Menla AliThis 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
History
Publication status
- Published
Journal
Defence and Peace EconomicsISSN
1024-2694Publisher
RoutledgeExternal DOI
Issue
3Volume
26Page range
311-326Department affiliated with
- Business and Management Publications
Full text available
- No
Peer reviewed?
- Yes
Legacy Posted Date
2017-12-01Usage metrics
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