Publication:
New evidence from an alternative methodological approach to the defence spending-economic growth causality issue in the case of mainland China
| DC Field | Value | |
|---|---|---|
| dc.contributor.author | Mohammed Masih, Abul Mansur | |
| dc.contributor.author | Masih, Rumi | |
| dc.contributor.author | Hasan, Mohammad S. | |
| dc.date.accessioned | 2018-12-09T07:46:34Z | |
| dc.date.available | 2018-12-09T07:46:34Z | |
| dc.date.issued | 1997 | |
| dc.description.abstract | Proposes to re-examine empirically the causal relationship between defence spending and economic growth in mainland China. First, using a VAR modelling technique with suitable diagnostics, e.g. Akaike's FPE statistics and a likelihood ratio test for over and under-fitting the causal model, the results indicate a positive unidirectional causality flowing from defence spending to economic growth. Second, by evaluating a dynamic vector error correction model, variance decomposition and impulse response functions, then analyses the direction, duration and strength of Granger-causality between defence spending and economic growth. The results broadly indicate that defence spending and economic growth did share a common trend over the sample period under analysis, but it was the former which stimulated the latter. Moreover, it is defence spending that has a much more perceptible and prolonged effect on economic growth, giving rise to implications that although expenditure on defence may have been politically motivated, over the long?run this spending did play a significant indirect role in enhancing the growth potential of this, for many years, closed?door economy. | en_US |
| dc.identifier.citation | Mohammed Masih, Abul Mansur and Masih, Rumi and Hasan, Mohammad S. (1997). New evidence from an alternative methodological approach to the defence spending-economic growth causality issue in the case of mainland China. Journal of Economic Studies, 24 (3), pp.123-140. | en_US |
| dc.identifier.doi | https://doi.org/10.1108/01443589710167347 | |
| dc.identifier.issn | 0144-3585 | |
| dc.identifier.uri | https://ikr.inceif.edu.my/handle/INCEIF/3004 | |
| dc.language | English | |
| dc.language.iso | eng | en_US |
| dc.publisher | MCB UP Ltd | en_US |
| dc.rights | 1997. MCB UP Ltd | |
| dc.source | SEDONA | |
| dc.subject | Cointegration | en_US |
| dc.subject | Defence | en_US |
| dc.subject | Growth | en_US |
| dc.subject | Models | en_US |
| dc.title | New evidence from an alternative methodological approach to the defence spending-economic growth causality issue in the case of mainland China | en_US |
| dc.type | Journal Article | en_US |
| dlc.maintopic | Conventional finance | |
| dlc.subtopic | Economics | |
| dspace.entity.type | Publication | |
| ikr.doctype | Scholarly Works | |
| ikr.topic.maintopic | Conventional finance | en_US |
| ikr.topic.subtopic | Conventional finance | en_US |
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