The nexus between military expenditures and economic growth in the BRICS and the US: an empirical note

doi:10.1080/10242694.2016.1144897

CORC > 上海财经大学 > 上海财经大学

	The nexus between military expenditures and economic growth in the BRICS and the US: an empirical note
	Zhong, Ming 1; Chang, Tsangyao 2; Goswami, Samrat 3; Gupta, Rangan 4; Lou, Tien-Wei 5
刊名	DEFENCE AND PEACE ECONOMICS
	2017
卷号	28 期号:5 页码:609-620
关键词	Military expenditures Economic growth Bootstrap panel granger causality test BRICS countries
ISSN号	1024-2694
DOI	10.1080/10242694.2016.1144897
英文摘要	This empirical note re-examines the causal linkages between military expenditures and economic growth for the BRICS countries (Brazil, Russia, India, China, and South Africa) and that for the USA during the period 1988-2012. Results of Granger causality tests show that military expenditures influence economic growth in the USA, economic growth influences military expenditures in both Brazil and India, a feedback between military expenditures and economic growth in Russia, and no causal relation exists between military expenditures and economic growth in China and South Africa. The findings of this study can provide important policy implications for the BRICS countries and also for the USA.
WOS研究方向	Business & Economics
语种	英语
出版者	TAYLOR & FRANCIS LTD
WOS记录号	WOS:000410922200007
内容类型	期刊论文
源URL	[http://10.2.47.112/handle/2XS4QKH4/1086]
专题	上海财经大学
通讯作者	Chang, Tsangyao
作者单位	1.Shanghai Univ Finance & Econ, Dept Insurance, Shanghai, Peoples R China; 2.Feng Chia Univ, Dept Finance, Taichung, Taiwan; 3.Tripura Univ, Dept Econ, Agartala, India; 4.Univ Pretoria, Dept Econ, Pretoria, South Africa; 5.Chinese Culture Univ, Dept Finance, Taipei, Taiwan
推荐引用方式 GB/T 7714	Zhong, Ming,Chang, Tsangyao,Goswami, Samrat,et al. The nexus between military expenditures and economic growth in the BRICS and the US: an empirical note[J]. DEFENCE AND PEACE ECONOMICS,2017,28(5):609-620.
APA	Zhong, Ming,Chang, Tsangyao,Goswami, Samrat,Gupta, Rangan,&Lou, Tien-Wei.(2017).The nexus between military expenditures and economic growth in the BRICS and the US: an empirical note.DEFENCE AND PEACE ECONOMICS,28(5),609-620.
MLA	Zhong, Ming,et al."The nexus between military expenditures and economic growth in the BRICS and the US: an empirical note".DEFENCE AND PEACE ECONOMICS 28.5(2017):609-620.