The Long-run Causal Relationship Between Military Expenditure and Economic Growth in China: Revisited

Dimitraki, Ourania; Ali, Faek Menla

doi:10.1080/10242694.2013.810024

Cited by 38 publications

(26 citation statements)

References 54 publications

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“…On the other hand, our result is also not consistent with those of Chang et al, (2001), Dimitraki andAli (2013), andFuruoka et al, (2014) that indicate a unidirectional causality from economic development to military expenditure in China. The justification for the difference between our study and that of Chang et al (2014) might be due to sample group countries selected in our study (group countries effect).…”

Section: China and South Africacontrasting

confidence: 55%

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

Zhong

Chang

Goswami

et al. 2016

Defence and Peace Economics

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Section: China and South Africacontrasting

confidence: 55%

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

Zhong

Chang

Goswami

et al. 2016

Defence and Peace Economics

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“…The previous studies on the military defense-development hypothesis in the context of the Chinese economy reported inconsistent results (e.g. Chang et al 2013;Dimitraki and Ali 2013;Meng, Lucyshyn, and Li 2013). Dimitraki and Ali (2013), who employed a Bartlett corrected Johansen test, found a positive long-run relationship between military expenditure and economic development in China.…”

Section: Methodsmentioning

confidence: 93%

“…There is an ongoing debate on whether increases in military expenditure are beneficial or detrimental to a country's economy. Some researchers argue that there is a negative association between military expenditure and development (Ball 1983;Lipow and Antinori 1995;Landau 1996;Heo 1998;Dunne and Smith 2010;D'Agostino, Dunne, and Pieroni 2012;Dunne and Nikolaidou 2012;Dimitraki and Ali 2013). According to this school of thought, a rapid expansion of military expenditure entails a heavy financial burden on a country.…”

Section: Introductionmentioning

confidence: 97%

Military expenditure and economic development in China: an empirical inquiry

Furuoka

Ōishi

Karim

2014

Defence and Peace Economics

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Increases in military spending have a big impact on the socioeconomic conditions in any country. However, there is no consensus as to whether the rising military expenditure is beneficial or detrimental to economic growth. The present study chose China as a case study to empirically examine a complex relationship between military expenditure and economic development. The findings from the Johansen cointegration test indicated that there existed a long-run relationship between China's military spending and economic growth. Furthermore, the Granger causality test detected a unidirectional causality from economic development to military expenditure. These results were further confirmed by the findings from the impulse response function. This means that China represents an example of a developing economy where the size of military expenditure expands in the process of economic transformation.

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“…We follow Dimitraki and Menla Ali (2015) and control for outliers defined as such when the residual is greater than |3.5 |.…”

Section: Cointegration Testsmentioning

confidence: 99%

Islamic Banking, Credit and Economic Growth: Some Empirical Evidence

Caporale

Helmi

2016

SSRN Journal

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Standard-Nutzungsbedingungen:Die Dokumente auf EconStor dürfen zu eigenen wissenschaftlichen Zwecken und zum Privatgebrauch gespeichert und kopiert werden.Sie dürfen die Dokumente nicht für öffentliche oder kommerzielle Zwecke vervielfältigen, öffentlich ausstellen, öffentlich zugänglich machen, vertreiben oder anderweitig nutzen.Sofern die Verfasser die Dokumente unter Open-Content-Lizenzen (insbesondere CC-Lizenzen) zur Verfügung gestellt haben sollten, gelten abweichend von diesen Nutzungsbedingungen die in der dort genannten Lizenz gewährten Nutzungsrechte. Abstract This paper examines the effects of Islamic banking on the causal linkages between credit and GDP by comparing two sets of seven emerging countries, the first without Islamic banks, and the second with a dual banking system including both Islamic and conventional banks. Unlike previous studies, it checks the robustness of the results by applying both time series and panel methods; moreover, it tests for both long-and short-run causality. In brief, the findings highlight significant differences between the two sets of countries reflecting the distinctive features of Islamic banks. Specifically, the time series analysis provides evidence of long-run causality running from credit to GDP in countries with Islamic banks only. This is confirmed by the panel causality tests, although in this case short-run causality in countries without Islamic banks is also found. Terms of use: Documents in

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The Long-run Causal Relationship Between Military Expenditure and Economic Growth in China: Revisited

Cited by 38 publications

References 54 publications

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

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

Military expenditure and economic development in China: an empirical inquiry

Islamic Banking, Credit and Economic Growth: Some Empirical Evidence

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