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https://doi.org/10.1080/1331677X.2019.1674179

Military expenditure and economic growth: evidence from a heterogeneous panel of African countries

Charles Shaaba Saba   ORCID icon orcid.org/0000-0001-6230-7292
Nicholas Ngepah

Puni tekst: engleski, pdf (2 MB) str. 3586-3606 preuzimanja: 69* citiraj
APA 6th Edition
Shaaba Saba, C. i Ngepah, N. (2019). Military expenditure and economic growth: evidence from a heterogeneous panel of African countries. Economic research - Ekonomska istraživanja, 32 (1), 3586-3606. https://doi.org/10.1080/1331677X.2019.1674179
MLA 8th Edition
Shaaba Saba, Charles i Nicholas Ngepah. "Military expenditure and economic growth: evidence from a heterogeneous panel of African countries." Economic research - Ekonomska istraživanja, vol. 32, br. 1, 2019, str. 3586-3606. https://doi.org/10.1080/1331677X.2019.1674179. Citirano 05.04.2020.
Chicago 17th Edition
Shaaba Saba, Charles i Nicholas Ngepah. "Military expenditure and economic growth: evidence from a heterogeneous panel of African countries." Economic research - Ekonomska istraživanja 32, br. 1 (2019): 3586-3606. https://doi.org/10.1080/1331677X.2019.1674179
Harvard
Shaaba Saba, C., i Ngepah, N. (2019). 'Military expenditure and economic growth: evidence from a heterogeneous panel of African countries', Economic research - Ekonomska istraživanja, 32(1), str. 3586-3606. https://doi.org/10.1080/1331677X.2019.1674179
Vancouver
Shaaba Saba C, Ngepah N. Military expenditure and economic growth: evidence from a heterogeneous panel of African countries. Economic research - Ekonomska istraživanja [Internet]. 2019 [pristupljeno 05.04.2020.];32(1):3586-3606. https://doi.org/10.1080/1331677X.2019.1674179
IEEE
C. Shaaba Saba i N. Ngepah, "Military expenditure and economic growth: evidence from a heterogeneous panel of African countries", Economic research - Ekonomska istraživanja, vol.32, br. 1, str. 3586-3606, 2019. [Online]. https://doi.org/10.1080/1331677X.2019.1674179

Sažetak
This study investigates the causal relationship between military expenditure and economic growth by using a balanced panel of 35 African countries spanning 1990 to 2015. It uses the more recently developed bivariate heterogeneous panel causality, GMM and SGMM estimation techniques. The country-by-country causality results reveal:(i) no causal relationship between military expenditure and growth in seven countries; (ii) unidirectional causality from military expenditure to growth in two countries; (iii) unidirectional relationship from growth to military expenditure in fourteen countries; and (iv) bidirectional relationship in twelve countries. These findings imply: (i) that the seven African countries with no causality can pursue defence policy objectives independently from growth policy objectives; (ii) in the fourteen countries, the fact that growth causes military expenditure and not vice versa implies that, defence decisions are not made in a way as to relatively promote growth; (iii) two African countries effectively use military expenditure for growth aims, hence military expenditure causes growth; and (iv) the bidirectional causality in the 12 countries implies that both growth and defence policy objectives can be pursued together. The GMMs results show that military expenditure has a significant negative impact on growth in Africa.

Ključne riječi
Military expenditure; economic growth; heterogeneous panel causality; dynamic panel model; Africa

Hrčak ID: 229699

URI
https://hrcak.srce.hr/229699

Posjeta: 108 *