Causal relationship between categories of defense expenditures and GDP (CROSBI ID 699564)
Prilog sa skupa u zborniku | izvorni znanstveni rad | međunarodna recenzija
Podaci o odgovornosti
Kovačević, Tomislav
engleski
Causal relationship between categories of defense expenditures and GDP
This paper investigates the causal relationship between categories of defense expenditures and gross domestic product. Based on a review of scientific papers in this field it is easy to conclude that the researches were performed only at the level of aggregate expenditures for defense in interaction with gross domestic product. Categories of defense expenditures are divided on personnel expenditures, equipment expenditures, infrastructure expenditures and other expenditures. Countries included in research are Belgium, Canada, Denmark, Greece, Italy, Luxemburg, Netherlands, Norway, Portugal, Turkey, UK and USA. Time interval of research is the period from 1986 till 2015. Main data sources are The World Bank, Stockholm International Peace Research Institute and official reports of the North Atlantic Treaty Organization. Granger causality test which includes procedures proposed by Toda and Yamamoto (1995) was used in analysis to test the hypothesis by using VAR models. For long run analysis Johansen’s co-integration test is used. Results showed that on the long run there is no co-integration between variables in all countries but, on the other hand, on the short run the results are not uniform.
defense expenditure, categories of defense expenditures, GDP, Granger causality
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Podaci o prilogu
87-103.
2018.
objavljeno
Podaci o matičnoj publikaciji
van der Hoek, M. Peter
Amsterdam: Forum for Economists International
978-90-828893-1-4
Podaci o skupu
Nepoznat skup
ostalo
29.02.1904-29.02.2096