An Economic Analysis of the Military Expenditure and External Debt in Argentina

Mete Feridun
Additional contact information
Mete Feridun: Cyprus International University.

Economic Analysis Working Papers (2002-2010). Atlantic Review of Economics (2011-2016), 2005, vol. 4, 1-20

Abstract: This study analyzes the Argentinean Financial Crisis of 2001 through investigating the impact of military expenditure on external debt in Argentina. For this purpose, Granger-causality testing procedure is applied on yearly data between 1971 and 2002. Strong evidence emerged that military burden had no impact on the evolution of debt in Argentina: Results of Granger-causality test show that the null hypotheses of military expenditure does not granger cause external debt is not rejected. Results show no evidence of reverse causality either. This finding invalidates the hypothesis that military burden may be important in determining the evolution of debt in developing countries.

Date: 2005
References: Add references at CitEc
Citations: View citations in EconPapers (5)

Downloads: (external link)
http://www.economistascoruna.org/eawp/eawp.asp?qsa=ES&qsb=1&qsc=11&qsd=158

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:eac:articl:16/04

Access Statistics for this article

More articles in Economic Analysis Working Papers (2002-2010). Atlantic Review of Economics (2011-2016) from Colexio de Economistas de A Coruña, Spain and Fundación Una Galicia Moderna Contact information at EDIRC.
Bibliographic data for series maintained by Jose González Seoane ().