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Defense spending - economic growth nexus in selected OIC countries: a long-run causality analysis

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dc.contributor.authorMuzafar Shah Habibullah
dc.contributor.authorHirnissa Mohd Tahir
dc.contributor.authorBaharom Abdul Hamid
dc.date.accessioned2016-06-06
dc.date.accessioned2016-07-25T20:05:45Z
dc.date.available2016-06-06
dc.date.available2016-07-25T20:05:45Z
dc.date.disclosure2016-06-10
dc.date.issued2013
dc.description.abstractThis paper investigates the long run Granger causality between defense spending and economic growth for 20 selected Organization of Islamic Countries (OIC) by employing the Error-Correction Model (ECM) framework using annual data for the period 1960 to 2005. defense spending (milex) is measured using the ratio of defense spending to gross domestic product (GDP); while economic growth (rgdpc) is proxy by the real GDP per capita. The results of our study indicated that one way long run Granger causality was found running from economic growth to defense spending for Burkina Faso, Indonesia, Kuwait, Saudi Arabia, Sudan, Togo and Turkey. On the other hand, one way long run Granger causality was found running from defense spending to economic growth was found for Iran, Mauritania and Nigeria. However for the rest of the OIC countries, the results suggested no relationship between defense spending and economic growth
dc.identifier.citationHabibullah, Muzafar Shah and Mohd Tahir, Hirnissa and Abdul Hamid, Baharom. (2013). Defense spending - economic growth nexus in selected OIC countries: a long-run causality analysis. Journal of Business and Social Development, 1 (2), pp. 110-118.
dc.identifier.urihttps://ikr.inceif.edu.my/handle/INCEIF/1402
dc.languageEnglish
dc.language.isoeng
dc.publisherUniversiti Malaysia Terengganu (UMT)
dc.rights2013. UMT
dc.sourceCRP
dc.subjectEconomic growth
dc.subjectOIC countries
dc.subjectLong-run causality analysis
dc.titleDefense spending - economic growth nexus in selected OIC countries: a long-run causality analysis
dc.typeJournal Article
dlc.maintopicIslamic economics
dspace.entity.typePublication
ikr.doctypeScholarly Works
ikr.topic.maintopicIslamic economics
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relation.isAuthorOfPublication.latestForDiscovery219f93a8-b38f-400c-981f-6a7162e44a2f
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