Defence expenditure and economic growth in Latin American countries: evidence from linear and nonlinear causality tests

Defence expenditure and economic growth in Latin American countries: evidence from linear and nonlinear causality tests

Abstract Using SIPRI’s new consistent database on military expenditures, the paper examines the economic effects of such spending in the case of the 13 Latin American countries. Employing both linear and nonlinear tests, the nexus between defence spending, economic growth, and investment is investig...

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Bibliographic Details
Main Authors: Christos Kollias, Suzanna-Maria Paleologou, Panayiotis Tzeremes, Nickolaos Tzeremes
Format: Article
Language:English
Published: Centro de Investigación y Docencia Económicas 2017-02-01
Series:Latin American Economic Review
Subjects:
Latin America
Military spending
Growth
Causality
Online Access:http://link.springer.com/article/10.1007/s40503-017-0039-4

Internet

http://link.springer.com/article/10.1007/s40503-017-0039-4

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