Defence spending and economic growth in South Africa: A supply and demand model

Defence and Peace Economics

Volumn 11, Issue 6, 2000, Pages 573-585

  Dunne, Paul ^a   Nikolaidou, Eftychia ^a   Roux, André ^b  

^a MIDDLESEX UNIVERSITY BUSINESS SCHOOL   (United Kingdom)

^b STELLENBOSCH UNIVERSITY   (South Africa)

Author keywords

Defence spending; Economic growth; Simultaneous equation model (SEM); South Africa; Three Stage Least Squares (3SLS); Two Stage Least Squares (2SLS)

Indexed keywords

EID: 0346106192     PISSN: 10242694     EISSN: None     Source Type: Journal    
DOI: 10.1080/10430710008404967     Document Type: Article

References (24)

1. Antonakis, N. (1997) Military Expenditure and Economic Growth in Greece, 1960-90, Journal of Peace Research, 34(1), 89-100.
2. Batchelor, P., Dunne, P. and Saal, D. (1999) Military Spending and Economic Growth in South Africa, Economics Discussion Paper Series, No. 62, Middlesex University Business School, February. Forthcoming in Defence and Peace Economics.
3. Benoit, E. (1973) Defence and Economic Growth in Developing Countries. Boston, MA: D.C. Heath, Lexington Books.
4. Benoit, E. (1978) Growth and Defence in LDCs, Economic Development and Cultural Change, 26(2), 271-280.
5. Biswas, B. and Ram, R. (1986) Military Expenditure and Economic Growth in LDCs: An Augmented Model and further Evidence, Economic Development and Cultural Change, 34(2), 361-372.
6. Deger, S. (1986) Economic Development and Defence Expenditure, Economic Development and Cultural Change, 179-196.
7. Deger, S. and Smith, R. (1983) Military Expenditure and Growth in LDCs, Journal of Conflict Resolution, 27(2), 335-353.
8. Dunne, P. (1996) Economic Effects of Military Expenditure in Developing Countries: A Survey. Ch. 23 in The Peace Dividend, edited by Gleditsh, N.P., Bjerkholt, O., Cappelen, A., Smith, R. and Dunne, P. North Holland, pp. 439-464.
9. Dunne, P., Nikolaidou, E. and Smith, R. (1999), Arms Race Models and Econometric Applications. Forthcoming in The Arms Trade, Security and Conflict, edited by Levine, P., Sen, S. and Smith, R. (2000), Harwood Academic Publishers. Also available as an Economics Discussion Paper, Middlesex University Business School, No. 74, July 1999.
10. Dunne, P., Nikolaidou, E. and Smith, R. (1999), Arms Race Models and Econometric Applications. Forthcoming in The Arms Trade, Security and Conflict, edited by Levine, P., Sen, S. and Smith, R. (2000), Harwood Academic Publishers. Also available as an Economics Discussion Paper, Middlesex University Business School, No. 74, July 1999.
11. Dunne, P. and Nikolaidou, E. (1999) Military Spending and Economic Growth: A Demand and Supply Model for Greece, 1960-1996, Defence and Peace Economics (Forthcoming).
12. Dunne, P. and Mohammed, N. (1995) Military Spending in Sub-Saharan Africa: Some Evidence for 1967-85, Journal of Peace Research, 32(3), 331-343.
13. Feder, G. (1982) On Exports and Economic Growth, Journal of Development Economics, 12, 59-73.
14. Intriligator, M.D. (1975) Strategic Considerations in the Richardson Model of Arms-Races, Journal of Political Economy, 83(2), 339-353.
15. Intriligator, M.D. and Brito, D.L. (1990) A Possible Future for the Arms Race. In Arms Races: Technological and Political, edited by Gleditsch, N.P. and Njolstad, O.
16. Levy, J. (1984) The Offensive/Defensive Balance of Military Technology: A Theoretical and Historical Analysis, International Studies Quarterly, 28(2), June, 219-230.
17. McMillan, S. (1992) Economic Growth and Military Spending in South Africa, International Interactions, 18(1), 35-50.
18. Nikolaidou, E. (1998) Military Spending and Economic Growth in Greece, A Multi-Sector Analysis, 1961-1996, Economics Discussion Paper Series. Middlesex University Business School, No. 72, May.
19. Richardson, L.F. (1960) Arms and Insecurity: A Mathematical Study of the Causes and Origins of War. Pittsburgh, PA.: Homewood.
20. Roux, A. (1996) Defence Expenditure and Economic Growth in South Africa, Journal of Studies in Economics and Econometrics, 20(1), 19-34.
21. Scheetz, T. (1991) The Macroeconomic Impact of Defence Expenditures: Some Econometric Evidence for Argentina, Chile, Paraguay and Peru, Defence Economics, 3(1), 65-81.
22. Sezgin, S. (1998) An Empirical Analysis of Defence-Growth Relationship with a Demand and Supply Side Multi Equation Model: Time Series Evidence from Turkey. Paper presented at the International Conference on The Economics of Military Expenditure in Developing and Emerging Economies, London, U.K. Middlesex University Business School, 13 and 14 March 1998.
23. Smith, R. (1980) The Demand for Military Expenditure. Economic Journal, 90, 811-820.
24. Smith, R. and Smith, D. (1980) Military Expenditure, Resources and Development, Birkbeck College Discussion Paper, No. 87, University of London, November.