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The long-run causal relationship between military expenditure and economic growth in China: revisited

Research Output: Contribution to journal Article Peer-review

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Sustainable Development Goals

  • SDG 8 - Decent Work and Economic Growth
    SDG 8 Decent Work and Economic Growth
  • SDG 16 - Peace, Justice and Strong Institutions
    SDG 16 Peace, Justice and Strong Institutions

Abstract

This paper re-examines the long-run causal relationship between military expenditure and economic growth in China over the period 1952–2010. An empirical econometric analysis based on a Barro-style growth model is conducted. By employing the Bartlett corrected trace test, which provides better approximations of the finite sample distribution to determine the rank of cointegration, the results support the existence of a single long-run equilibrium relationship between the variables. Furthermore, it is confirmed that the cumulated shocks of military expenditure primarily originate from different components of shocks that relate to economic development rather than the other way round.

Publication Information

Output type

Research Output: Contribution to journal Article Peer-review

Original language

English

Article number

3

Pages from-to (Number of pages)

Pages 311 (326 pages)

Journal (Volume, Issue Number)

Defence and Peace Economics (Volume 26, Issue 3)

Publication milestones

  • Accepted/In press - 04/05/2013
  • Published - 11/06/2013

Publication status

Published - 11/06/2013

ISSN

1024-2694

External Publication IDs

  • Scopus: 84928695756

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