Defence Expenditure and Economic Growth in Malaysia: A Reassessment Using Bounds and Modified Wald Tests

Chor Foon TANG ()

The IUP Journal of Journal of Public Finance, 2008, vol. VI, issue 2, pages 45-51

Abstract: The purpose of this study is to reinvestigate the relationship between defence expenditure and economic growth in Malaysia, over the period from 1960 to 2006. The bounds testing procedure is used to examine the long-run equilibrium relationship between defence expenditure and economic growth. The bounds test suggests that the variables are co-movement in the long run, but defence expenditure and economic growth is negatively correlated in both the short and long run. Moreover, the MWALD test shows bilateral causality evidence.

Date: 2008

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

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: http://EconPapers.repec.org/RePEc:icf:icfjpf:v:06:y:2008:i:2:p:45-51

Access Statistics for this article

More articles in The IUP Journal of Journal of Public Finance from Icfai Press
Series data maintained by C S Shylajan ().