The Relationship between Defense Expenditure, Government Budget and Economic Growth---The Case of Brazil, Russia, India and China (BRICs)
碩士 === 國防大學管理學院 === 財務管理學系 === 99 === This paper employs time series to investigate the relationship between defense expenditure, government budget and economic growth in BRICs (Brazil, Russia, India and China) over the period of 1988-2009. The results show that Brazil has negative unidirectional re...
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| Format: | Others |
| Language: | zh-TW |
| Published: |
2011
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| Online Access: | http://ndltd.ncl.edu.tw/handle/74683869166480259013 |
| Summary: | 碩士 === 國防大學管理學院 === 財務管理學系 === 99 === This paper employs time series to investigate the relationship between defense expenditure, government budget and economic growth in BRICs (Brazil, Russia, India and China) over the period of 1988-2009. The results show that Brazil has negative unidirectional relationship between defense expenditure and economic growth but has positive unidirectional relationship between defense expenditure and government budget. In Russia there is positive unidirectional relationship between defense expenditure and government budget. It also indicates that the positive bidirectional relationship between economic growth and government budget in Russia. However, there is not any causal relationship between defense expenditure, government budget and economic growth in India and China.
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