Military Expenditure and Economic Growth: The South American Case
John Riveros Gavilanes
MPRA Paper from University Library of Munich, Germany
Abstract:
The present article establishes an empirical approximation related to the influence of the military expenditure in the economic growth for the case of the countries of South America. The main theoretical framework is based in the approximation of the Augmented Solow model considering the effect of the share of military spending in the factor productivity as it was proposed by Knight et al. (1996). The methodology follows the estimation of a panel vector autoregressive model for the period of 1977-2016, considering all the variables as endogenous, within this, it is provided the Granger-causality tests among the equations. The results determinate that military expenditure is not statistically significant to explain the variation in the output of the economy, meanwhile it existed a causality relation between the savings of the economy and the military expenditure for this continent.
Keywords: E23; E22; E60; F43; O54 (search for similar items in EconPapers)
JEL-codes: E22 E23 E60 F43 O54 (search for similar items in EconPapers)
Date: 2020-02-05
New Economics Papers: this item is included in nep-gro and nep-mac
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1)
Downloads: (external link)
https://mpra.ub.uni-muenchen.de/98508/1/MPRA_paper_98508.pdf original version (application/pdf)
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:pra:mprapa:98508
Access Statistics for this paper
More papers in MPRA Paper from University Library of Munich, Germany Ludwigstraße 33, D-80539 Munich, Germany. Contact information at EDIRC.
Bibliographic data for series maintained by Joachim Winter ().