The nexus between military expenditures and economic growth in the BRICS and the US : an empirical note
| dc.contributor.author | Zhong, Ming | |
| dc.contributor.author | Chang, Tsangyao | |
| dc.contributor.author | Goswami, Samrat | |
| dc.contributor.author | Gupta, Rangan | |
| dc.contributor.author | Lou, Tien-Wei | |
| dc.contributor.email | rangan.gupta@up.ac.za | en_ZA |
| dc.date.accessioned | 2016-08-08T06:30:10Z | |
| dc.date.issued | 2017 | |
| dc.description.abstract | This empirical note re-examines the causal linkages between military expenditures and economic growth for the BRICS countries (Brazil, Russia, India, China, and South Africa) and that for the USA during the period 1988-2012. Results of Granger causality tests show that military expenditures influence economic growth in the United States, economic growth influence military expenditures in both Brazil and India, a feedback between military expenditures and economic growth in Russia, and no causal relation exists between military expenditures and economic growth in China and South Africa. The findings of this study can provide important policy implications for the BRICS countries and also for the United States. | en_ZA |
| dc.description.department | Economics | en_ZA |
| dc.description.embargo | 2017-08-31 | |
| dc.description.librarian | hb2016 | en_ZA |
| dc.description.uri | http://www.tandfonline.com/loi/gdpe20 | en_ZA |
| dc.identifier.citation | Ming Zhong, Tsangyao Chang, Samrat Goswami, Rangan Gupta & Tien-Wei Lou (2017) The nexus between military expenditures and economic growth in the BRICS and the US: an empirical note, Defence and Peace Economics, 28:5, 609-620, DOI: 10.1080/10242694.2016.1144897. | en_ZA |
| dc.identifier.issn | 1024-2694 (print) | |
| dc.identifier.issn | 1476-8267 (online) | |
| dc.identifier.other | 10.1080/10242694.2016.1144897 | |
| dc.identifier.uri | http://hdl.handle.net/2263/56242 | |
| dc.language.iso | en | en_ZA |
| dc.publisher | Routledge | en_ZA |
| dc.rights | © 2016 Informa UK Limited, trading as Taylor & Francis Group. This is an electronic version of an article published in Defence and Peace Economics, vol. 28, no. 5, pp. 609-620, 2017. doi : 10.1080/10242694.2016.1144897.Defence and Peace Economics is available online at : http://www.tandfonline.comloi/gdpe20. | en_ZA |
| dc.subject | Military expenditures | en_ZA |
| dc.subject | Economic growth | en_ZA |
| dc.subject | Bootstrap panel Granger causality test | en_ZA |
| dc.subject | BRICS countries | en_ZA |
| dc.subject | Brazil, Russia, India, China and South Africa (BRICS) | en_ZA |
| dc.title | The nexus between military expenditures and economic growth in the BRICS and the US : an empirical note | en_ZA |
| dc.type | Postprint Article | en_ZA |