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IS THE CAUSAL NEXUS OF MILITARY EXPENDITURES AND ECONOMIC GROWTH ASYMMETRIC IN G-6?

Journal of Applied Research in Finance and Economics

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Title IS THE CAUSAL NEXUS OF MILITARY EXPENDITURES AND ECONOMIC GROWTH ASYMMETRIC IN G-6?
 
Creator DESTEK, Mehmet Akif
 
Description In this study, it is aimed to examine the relationship between military expenditures and economic growth in G-6 countries such as Canada, France, Germany, Italy, the U.K and the U.S. In previous studies, the causal relationship between variables was performed by the availability of the assumption of positive shocks. Therefore, in this study the relationship between military expenditures and economic growth is examined by asymmetric causality test developed by Hatemi J (2012). The study concluded that the increase in military expenditures negatively affects economic growth in France, Germany and the U.K. In addition, the neutrality hypothesis is supported in Canada and Italy.
 
Publisher Journal of Applied Research in Finance and Economics
 
Date 2016-11-30
 
Type info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion
Peer-reviewed Article
 
Format application/pdf
 
Identifier http://www.jarfe.org/index.php/jarfe/article/view/1
 
Source Journal of Applied Research in Finance and Economics; Vol 1 No 1 (2015): Issue 1; 1-8
2458-8083
 
Language eng
 
Relation http://www.jarfe.org/index.php/jarfe/article/view/1/1
 
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