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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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

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spelling	doaj-611eb24a878a4d4d971f5be74938b1122021-04-02T09:58:22ZengCentro de Investigación y Docencia EconómicasLatin American Economic Review2198-35262196-436X2017-02-0126112510.1007/s40503-017-0039-4Defence expenditure and economic growth in Latin American countries: evidence from linear and nonlinear causality testsChristos Kollias0Suzanna-Maria Paleologou1Panayiotis Tzeremes2Nickolaos Tzeremes3University of ThessalyAristotle Univesrity of ThessalonikiUniversity of ThessalyUniversity of ThessalyAbstract 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 investigated for the period 1961–2014. Findings reported herein are not uniformed across all countries included in the sample. However, as a broad tentative generalization, they seem to be pointing to the absence of a strong and robust nexus between the variables examined.http://link.springer.com/article/10.1007/s40503-017-0039-4Latin AmericaMilitary spendingGrowthCausality
collection	DOAJ
language	English
format	Article
sources	DOAJ
author	Christos Kollias Suzanna-Maria Paleologou Panayiotis Tzeremes Nickolaos Tzeremes
spellingShingle	Christos Kollias Suzanna-Maria Paleologou Panayiotis Tzeremes Nickolaos Tzeremes Defence expenditure and economic growth in Latin American countries: evidence from linear and nonlinear causality tests Latin American Economic Review Latin America Military spending Growth Causality
author_facet	Christos Kollias Suzanna-Maria Paleologou Panayiotis Tzeremes Nickolaos Tzeremes
author_sort	Christos Kollias
title	Defence expenditure and economic growth in Latin American countries: evidence from linear and nonlinear causality tests
title_short	Defence expenditure and economic growth in Latin American countries: evidence from linear and nonlinear causality tests
title_full	Defence expenditure and economic growth in Latin American countries: evidence from linear and nonlinear causality tests
title_fullStr	Defence expenditure and economic growth in Latin American countries: evidence from linear and nonlinear causality tests
title_full_unstemmed	Defence expenditure and economic growth in Latin American countries: evidence from linear and nonlinear causality tests
title_sort	defence expenditure and economic growth in latin american countries: evidence from linear and nonlinear causality tests
publisher	Centro de Investigación y Docencia Económicas
series	Latin American Economic Review
issn	2198-3526 2196-436X
publishDate	2017-02-01
description	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 investigated for the period 1961–2014. Findings reported herein are not uniformed across all countries included in the sample. However, as a broad tentative generalization, they seem to be pointing to the absence of a strong and robust nexus between the variables examined.
topic	Latin America Military spending Growth Causality
url	http://link.springer.com/article/10.1007/s40503-017-0039-4
work_keys_str_mv	AT christoskollias defenceexpenditureandeconomicgrowthinlatinamericancountriesevidencefromlinearandnonlinearcausalitytests AT suzannamariapaleologou defenceexpenditureandeconomicgrowthinlatinamericancountriesevidencefromlinearandnonlinearcausalitytests AT panayiotistzeremes defenceexpenditureandeconomicgrowthinlatinamericancountriesevidencefromlinearandnonlinearcausalitytests AT nickolaostzeremes defenceexpenditureandeconomicgrowthinlatinamericancountriesevidencefromlinearandnonlinearcausalitytests
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Defence expenditure and economic growth in Latin American countries: evidence from linear and nonlinear causality tests

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