USING THE REGRESSION MODEL IN THE ANALYSIS OF THE CORRELATION BETWEEN THE GROSS DOMESTIC PRODUCT AND DEFENCE EXPENDITURES, IN NATO MEMBER STATES

Nicolae Baltes and Alin Huseraè˜
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Nicolae Baltes: Lucian Blaga University of Sibiu
Alin Huseraè˜: Lucian Blaga University of Sibiu

Revista Economica, 2021, vol. 73, issue Special, 9-19

Abstract: In this paper we propose to highlight correlation between the variables GDP and defence spending, using the linear regression model. It was observed, through the analysis of the literature, that one of the most important factors, influencing defense spending, is the GDP of the states. Thus, the objective of the study, is to try to get information about the ability of the economy (represented by GDP) to influence defense spending, in NATO member states. In the econometric model, the value of the dependency coefficient is expected to be very high and positive. The data from the Database were collected from the official sites.

Keywords: GDP; NATO; PLS regression method; the Pearson and Spearman coefficien (search for similar items in EconPapers)
JEL-codes: H56 H61 P43 (search for similar items in EconPapers)
Date: 2021
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Persistent link: https://EconPapers.repec.org/RePEc:blg:reveco:v:73:y:2021:i:special:p:9-19

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