The impact of military spending on economic growth: the case of North Cyprus
Feridun, Mete, Sawhney, Bansi and Shahbaz, Muhammad (2011) The impact of military spending on economic growth: the case of North Cyprus. Defence and Peace Economics, 22 (5). pp. 555-562. ISSN 1024-2694 (print), 1476-8267 (online)Full text not available from this repository.
The present study aims at investigating the causal relationship between defence expenditures and economic growth in the case of North Cyprus using the Autoregressive Distributed Lag (ARDL) bounds testing approach to cointegration and Granger causality tests for the period from 1977 to 2007. The results suggest that the variables in question are in a long-run equilibrium relationship and that there exists a strong, positive unidirectional causality running from defence expenditures to economic growth.
|Uncontrolled Keywords:||defence expenditures, military spending, economic growth, Cyprus|
|Subjects:||H Social Sciences > HB Economic Theory|
H Social Sciences > HG Finance
|School / Department / Research Groups:||School of Business > Department of International Business & Economics|
School of Business
|Last Modified:||13 Apr 2012 11:56|
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