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Military Spending and Economic Growth: Evidence from Jordan

Bassam AbuAl-Foul
Authors registered in the RePEc Author Service: Bassam Abu Al-Foul

Economics Working Papers from School of Business Administration, American University of Sharjah

Abstract: The purpose of this research is to investigate the causal relation between military spending and economic growth in one of the MENA countries, Jordan using annual data over the period 1988-2007. The methodology used in this study follows Toda and Yamamoto (1995) procedure in order to test the Granger causality between economic growth and military spending. The empirical results reveal that military spending Granger causes economic growth in Jordan. Thus, these findings lend support to the hypothesis that military spending positively affect economic growth through increasing aggregate demand.

Keywords: Military spending; Economic growth; Jordan; Causality (search for similar items in EconPapers)
JEL-codes: C22 H56 (search for similar items in EconPapers)
Pages: 11 pages
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Persistent link: https://EconPapers.repec.org/RePEc:sha:ecowps:19-04/2014

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