Consequential Effects of Defence Expenditure on Economic Growth of Saudi Arabia: 1970-2012
Mohammed Ageli () and
Shatha Mousa Zaidan
MPRA Paper from University Library of Munich, Germany
This study investigates the causality relationship between defence expenditures and Non Oil economic growth in Saudi Arabia over the period 1970-2012. Using Unit root tests, Johansen’s co-integration test and Granger Causality test. In this paper we found the existence of bi-directional causality relationship running from Non Oil-GDP to defence expenditure. The results show that, in Saudi Arabia, the model of defence expenditure is found to hold for Non Oil-GDP.
Keywords: Defence Expenditure; Economic Growth; Unit Root test; Co-integration test; Granger causality and Error Correction Models (ECM); Saudi Arabia (search for similar items in EconPapers)
JEL-codes: C12 H56 N15 (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-ara and nep-fdg
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Published in International Journal of Economics and Finance 2.5(2013): pp. 155-163
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Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:46590
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