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MILITARY SPENDING AND ECONOMIC GROWTH IN PAKISTAN: NEW EVIDENCE FROM ROLLING WINDOW APPROACH

Muhammad Shahbaz
Muhammad Shahbaz Shabbir

Puni tekst: engleski, pdf (2 MB) str. 144-159 preuzimanja: 915* citiraj
APA 6th Edition
Shahbaz, M. i Shahbaz Shabbir, M. (2012). MILITARY SPENDING AND ECONOMIC GROWTH IN PAKISTAN: NEW EVIDENCE FROM ROLLING WINDOW APPROACH. Economic research - Ekonomska istraživanja, 25 (1), 144-159. Preuzeto s https://hrcak.srce.hr/80018
MLA 8th Edition
Shahbaz, Muhammad i Muhammad Shahbaz Shabbir. "MILITARY SPENDING AND ECONOMIC GROWTH IN PAKISTAN: NEW EVIDENCE FROM ROLLING WINDOW APPROACH." Economic research - Ekonomska istraživanja, vol. 25, br. 1, 2012, str. 144-159. https://hrcak.srce.hr/80018. Citirano 07.04.2020.
Chicago 17th Edition
Shahbaz, Muhammad i Muhammad Shahbaz Shabbir. "MILITARY SPENDING AND ECONOMIC GROWTH IN PAKISTAN: NEW EVIDENCE FROM ROLLING WINDOW APPROACH." Economic research - Ekonomska istraživanja 25, br. 1 (2012): 144-159. https://hrcak.srce.hr/80018
Harvard
Shahbaz, M., i Shahbaz Shabbir, M. (2012). 'MILITARY SPENDING AND ECONOMIC GROWTH IN PAKISTAN: NEW EVIDENCE FROM ROLLING WINDOW APPROACH', Economic research - Ekonomska istraživanja, 25(1), str. 144-159. Preuzeto s: https://hrcak.srce.hr/80018 (Datum pristupa: 07.04.2020.)
Vancouver
Shahbaz M, Shahbaz Shabbir M. MILITARY SPENDING AND ECONOMIC GROWTH IN PAKISTAN: NEW EVIDENCE FROM ROLLING WINDOW APPROACH. Economic research - Ekonomska istraživanja [Internet]. 2012 [pristupljeno 07.04.2020.];25(1):144-159. Dostupno na: https://hrcak.srce.hr/80018
IEEE
M. Shahbaz i M. Shahbaz Shabbir, "MILITARY SPENDING AND ECONOMIC GROWTH IN PAKISTAN: NEW EVIDENCE FROM ROLLING WINDOW APPROACH", Economic research - Ekonomska istraživanja, vol.25, br. 1, str. 144-159, 2012. [Online]. Dostupno na: https://hrcak.srce.hr/80018. [Citirano: 07.04.2020.]

Sažetak
Purpose: This paper re-investigates causality between military spending and economic growth by applying autoregressive distributed lag model or ARDL bounds testing approach to cointegration. Furthermore, rolling window approach (RWA) to cointegration is also applied to confirm the established long run relation between the variables. The VECM Granger causality is used to detect the direction of causality between military spending and economic growth. Our empirical exercise indicated long run relationship between military spending and economic growth as confirmed by rolling window approach. Moreover, negative unidirectional causality is found running from defense spending to economic growth. This paper opens up new sights for policymaking authorities to sustain economic growth by curtailing defense spending.

Ključne riječi
Defence Spending; Growth; Cointegration; Causality

Hrčak ID: 80018

URI
https://hrcak.srce.hr/80018

[hrvatski]

Posjeta: 1.187 *