Nexus between defense expenditure and economic growth in BRIC economies: An empirical investigation

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...

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Bibliographic Details
Main Authors: Devi Prasad DASH, Debi Prasad BAL, Manoranjan SAHOO
Format: Article
Language:English
Published: General Association of Economists from Romania 2016-03-01
Series:Theoretical and Applied Economics
Subjects:
Defense Expenditure
BRIC
Panel cointegration
Online Access: http://store.ectap.ro/articole/1162.pdf

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