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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

Abstract: 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)
Date: 2012-10-15
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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