Nexus between defense expenditure and economic growth in BRIC economies: An empirical investigation
This paper considers the defense expenditure and economic growth nexus based on the cross-border problems and increasing geo-political presence for BRIC blocs over the period 1993-2014. Our approach is more methodological in terms of employing Panel cointegration and causality to highlight the funda...
| Main Authors: | , , |
|---|---|
| Format: | Article |
| Language: | English |
| Published: |
General Association of Economists from Romania
2016-03-01
|
| Series: | Theoretical and Applied Economics |
| Subjects: | |
| Online Access: |
http://store.ectap.ro/articole/1162.pdf
|
| _version_ | 1811216898266759168 |
|---|---|
| author | Devi Prasad DASH Debi Prasad BAL Manoranjan SAHOO |
| author_facet | Devi Prasad DASH Debi Prasad BAL Manoranjan SAHOO |
| author_sort | Devi Prasad DASH |
| collection | DOAJ |
| description | This paper considers the defense expenditure and economic growth nexus based
on the cross-border problems and increasing geo-political presence for BRIC blocs over
the period 1993-2014. Our approach is more methodological in terms of employing Panel
cointegration and causality to highlight the fundamental relation between the defense
expenditure and economic growth. Here we emphasize various economic considerations in
terms of pre and post war, strategic and spatial phenomenon to capture the magnitude of
gains from the increased defense spending in the region. We are using panel unit-root;
panel cointegration and panel-Granger causality to highlight the fundamental relationship
between the variables. We conclude by discussing the issues as well as quantifying the
consequences of present geostrategic conditions associated with these economies. |
| first_indexed | 2024-04-12T06:45:19Z |
| format | Article |
| id | doaj.art-e95a4a25e6f64fbbabcefc84c52e7679 |
| institution | Directory Open Access Journal |
| issn | 1841-8678 1844-0029 |
| language | English |
| last_indexed | 2024-04-12T06:45:19Z |
| publishDate | 2016-03-01 |
| publisher | General Association of Economists from Romania |
| record_format | Article |
| series | Theoretical and Applied Economics |
| spelling | doaj.art-e95a4a25e6f64fbbabcefc84c52e76792022-12-22T03:43:36ZengGeneral Association of Economists from RomaniaTheoretical and Applied Economics1841-86781844-00292016-03-01XXIII18910218418678Nexus between defense expenditure and economic growth in BRIC economies: An empirical investigationDevi Prasad DASH0Debi Prasad BAL1Manoranjan SAHOO2 Indian Institute of Technology, Ropar, Punjab, India Xavier Institute of Management, Bhubaneswar, Odisha, India Indian Institute of Technology, Madras, Tamil Nadu, India This paper considers the defense expenditure and economic growth nexus based on the cross-border problems and increasing geo-political presence for BRIC blocs over the period 1993-2014. Our approach is more methodological in terms of employing Panel cointegration and causality to highlight the fundamental relation between the defense expenditure and economic growth. Here we emphasize various economic considerations in terms of pre and post war, strategic and spatial phenomenon to capture the magnitude of gains from the increased defense spending in the region. We are using panel unit-root; panel cointegration and panel-Granger causality to highlight the fundamental relationship between the variables. We conclude by discussing the issues as well as quantifying the consequences of present geostrategic conditions associated with these economies. http://store.ectap.ro/articole/1162.pdf Defense ExpenditureBRICPanel cointegration |
| spellingShingle | Devi Prasad DASH Debi Prasad BAL Manoranjan SAHOO Nexus between defense expenditure and economic growth in BRIC economies: An empirical investigation Theoretical and Applied Economics Defense Expenditure BRIC Panel cointegration |
| title | Nexus between defense expenditure and economic growth in BRIC economies: An empirical investigation |
| title_full | Nexus between defense expenditure and economic growth in BRIC economies: An empirical investigation |
| title_fullStr | Nexus between defense expenditure and economic growth in BRIC economies: An empirical investigation |
| title_full_unstemmed | Nexus between defense expenditure and economic growth in BRIC economies: An empirical investigation |
| title_short | Nexus between defense expenditure and economic growth in BRIC economies: An empirical investigation |
| title_sort | nexus between defense expenditure and economic growth in bric economies an empirical investigation |
| topic | Defense Expenditure BRIC Panel cointegration |
| url |
http://store.ectap.ro/articole/1162.pdf
|
| work_keys_str_mv | AT deviprasaddash nexusbetweendefenseexpenditureandeconomicgrowthinbriceconomiesanempiricalinvestigation AT debiprasadbal nexusbetweendefenseexpenditureandeconomicgrowthinbriceconomiesanempiricalinvestigation AT manoranjansahoo nexusbetweendefenseexpenditureandeconomicgrowthinbriceconomiesanempiricalinvestigation |