MODELING THE DEFENSE-GROWTH NEXUS IN DEVELOPING COUNTRIES, EVIDENCE FROM PANEL DATA MODEL

  • College of Administration & Financial Science -Department of Accounting by IT, Cihan University- Slemani, Kurdistan Region Government/Iraq.
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The defense-growth nexus is investigated empirically using longitudinal data for 64 developing countries. Using recently developed econometric methods involving panel data regressions, evidence of a level-dependent effect of military expenditure on GDP growth is found: A positive and significant externality effect of defense spending prevails for relatively high levels of defense spending and becomes positive for sample countries.

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[Masoud Ali Khalid. (2017); MODELING THE DEFENSE-GROWTH NEXUS IN DEVELOPING COUNTRIES, EVIDENCE FROM PANEL DATA MODEL Int. J. of Adv. Res. 5 (Oct). 1766-1772] (ISSN 2320-5407). www.journalijar.com

Masoud Ali Khalid
Cihan University/ Sulaimani/Kurdistan/Iraq

DOI:

Article DOI: 10.21474/IJAR01/5700      
DOI URL: https://dx.doi.org/10.21474/IJAR01/5700

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