Military Expenditure, Economic Growth and Heterogeneity
| dc.creator | Dunne, John Paul | |
| dc.creator | Tian, Nan | |
| dc.date | 2013-08-01T13:23:28Z | |
| dc.date | 2013-08-01T13:23:28Z | |
| dc.date | 2013-06 | |
| dc.description | This paper examines the impact of military expenditure on economic growth on a large balanced panel, using an exogenous growth model and dynamic panel data methods for 106 countries over the period 1988-2010. A major focus of the paper is to consider the possibility group heterogeneity and non-linearity. Having estimated the model for all of the countries in the panel and finding that military burden has a negative effect on growth in the short and long run, the panel is broken down into various groupings based upon a range of potentially relevant factors and the robustness of the results is evaluated. The factors considered are different levels of income, conflict experience, natural resources abundance, openness and aid. The estimates for the different groups are remarkably consistent with those for the whole panel, providing strong support for the argument that military spending has adverse effects on growth. There are, however, some intriguing results that suggest that for certain types of countries military spending has no significant effect on growth. | |
| dc.identifier | 978-1-920517-36-6 | |
| dc.identifier | http://hdl.handle.net/11090/611 | |
| dc.identifier.ris | TY - Working Paper DB - OpenUCT DP - University of Cape Town KW - Military expenditure KW - Economic growth KW - Conflict KW - Development LK - https://open.uct.ac.za PB - University of Cape Town PY - T1 - Military Expenditure, Economic Growth and Heterogeneity TI - Military Expenditure, Economic Growth and Heterogeneity UR - ER - | en_ZA |
| dc.language | en | |
| dc.publisher.department | SALDRU | en_ZA |
| dc.publisher.faculty | Faculty of Commerce | en_ZA |
| dc.publisher.institution | University of Cape Town | |
| dc.relation | Working Paper;95 | |
| dc.subject | Military expenditure | |
| dc.subject | Economic growth | |
| dc.subject | Conflict | |
| dc.subject | Development | |
| dc.title | Military Expenditure, Economic Growth and Heterogeneity | |
| dc.type | Working Paper | en_ZA |
| uct.type.publication | Research | en_ZA |
| uct.type.resource | Working Paper | en_ZA |