An econometric contribution to the U.S. defense-growth nexus: Evidence from error correction model

Conflict Management and Peace Science

Volumn 21, Issue 2, 2004, Pages 121-131

  Mehanna, Rock Antoine ^a,b,c  

^a WARTBURG COLLEGE   (United States)

^b SOUTHERN UNIVERSITY   (United States)

^c NONE   (United States)

Author keywords

Co integration; Economic growth; Error correction model; Innovation accounting; Military spending

Indexed keywords

EID: 4344614435     PISSN: 07388942     EISSN: None     Source Type: Journal    
DOI: 10.1080/07388940490463906     Document Type: Article

References (32)

1. Baek, E. G. 1991. Defence spending and economic performance in the United States: Some structural VAR evidence. Defence and Peace Economics 2(3): 251-264.
2. Baran, P., and P. M. Sweezy. 1966. Monopoly capital: An essay on the American economic and social order. New York: Monthly Review Press.
3. Barro, R. J., and X. Sala-i-Martin. 1995. Economic growth. New York: McGraw-Hill.
4. Chang, T., et al. 2001. Defence spending, economic growth and temporal causality: Evidence from Taiwan and Mainland China, 1952-1995. Applied Economics 33(10): 1289-1299.
5. Dakurah, H. A., S. Davies, and R. Sampath. 2001. Defense spending and economic growth in developing countries: A causality analysis. Journal of Policy Modeling 23(6): 651-658.
6. Dunne, P., and D. Vougas. 1999. Military spending and economic growth in South Africa. Journal of Conflict Resolution 43(4): 521-537.
7. Enders, W. 1995. Applied econometric time series. New York: Wiley.
8. Garcia-Mila, T. 1987. Government purchases and real output: An empirical analysis and equilibrium model with public capital. Ph.D. Dissertation, University of Minnesota, MN.
9. Garfinkel, M. 1990. Arming as a strategic investment in a cooperative equilibrium. American Economic Review 80(1): 50-68.
10. Garner, A. 1991. The effect of U.S. defense cuts on the standard of living. Federal Reserve Bank of Kansas Economic Review 76(1): 33-47.
11. Goldstein, J. S. 1988. Long cycles: Prosperity and war in the modern age. New Haven, CT: Yale University Press.
12. Gupta, S., L. de Mello, and R. Sharan. 2001. Corruption and military spending. European Journal of Political Economy 17(4): 749-777.
13. Heo, U. 1998. Modeling the defense-growth relationship around the globe. Journal of Conflict Resolution 42(5): 637-657.
14. Heo, U. 2000. The defense-growth nexus in the United States revisited. American Politics Quarterly 28(1): 110-328.
15. Kinsella, D. 1990. Defence spending and economic performance in the United States: A causal analysis. Defense and Peace Economics 1(4): 295-309.
16. Knight, M., N. Loayza, and D. Villanueva. 1996. The peace dividend: Military spending costs and economic growth. The International Monetary Fund Staff Papers 43(1): 1-37.
17. Kusi, N. K. 1994. Economic growth and defense spending in developing countries: A causal analysis. Journal of Conflict Resolution 38(1): 152-159.
18. LaCivita, C., and P. Frederiksen. 1991. Defense spending and economic growth: An alternative approach to the causality issue. Journal of Development Economics, 35(1): 117-126.
19. Landau, D. 1994. The impact of military expenditures on economic growth in the less developed countries. Defence and Peace Economics 5(3): 205-220.
20. Lapidus, K. 1993. National Security at what price? The economic consequences of military spending. The American Economist 37(2): 68-77.
21. Mauro, P. 1995. Corruption and growth. Quarterly Journal of Economics 110(3): 681-712.
22. Melman, S. 1988. The economic consequences of the arms race: The second-rate economy. American Economic Review 78(2): 55-59.
23. Mintz, A., and C. Huang. 1990. Defense expenditures, economic growth, and the peace dividend. American Political Science Review 84(4): 1283-1293.
24. Mueller, M. J., and S. Atesoglu. 1993. Defense spending, technological change, and economic growth in the United States. Defence and Peace Economics 4(3): 259-269.
25. Payne, J. E., and K. L. Ross. 1992. Defense spending and the macroeconomy. Defence and Peace Economics 3(2): 161-168.
26. Schiller, T. 1999. Regional trends in federal government spending. Federal Reserve Bank of Philadelphia Business Review March-April: 17-33.
27. Sezing, S. 2000. Defense expenditures and economic growth in Turkey: A disaggregated analysis. Yapi Kredi Economic Review 28(4): 67-78.
28. Szymanski, A. 1973. Military spending and economic stagnation. American Journal of Sociology 79(1): 1-14.
29. United States Department of the Treasury. 2002. Treasury bulletin. Washington, D.C.: Federal Reserve Bank.
30. Ward, M., and D. Davis. 1992. Sizing up the peace dividend: Economic growth and military spending in the United States, 1948-1996. American Political Science Review 86(3): 748-755.
31. Ward, M., D. Davis, and C. Lofdahl. 1995. A century of tradeoffs: Defense and growth in Japan and the United States. International Studies Quarterly 39(1): 27-50.
32. Weidenbau, M. 1990. Defense spending and the American economy. Defence Economics and Peace Economics 1(3): 233-242.