Does military expenditure influence economic growth in Nigeria during 1989 - 2013? A bound testing approach

Artikel

The study examines the effect of military expenditure on output in Nigeria both in the short-run and in the long-run period. In addition, it verified whether military expenditure is an economically non-contributive activity using ARDL bounds testing approach to co-integration. Results showed that military spending has negative and significant effect on output in the short-run but positive and significant effect in the long-run. Labour and capital have positive and significant effects both in the long-run and short-run. In addition, labour has the highest coefficient (3.0709) in the long-run. The study concludes that government should reduce its expenditure on defense and concentrate more on human capital development, since military spending contributes nothing to output in the short-run.

Object Details

• Language: Englisch

References and Relationships

• Bibliographic citation: Journal: Romanian Journal of Fiscal Policy (RJFP) ; ISSN: 2069-0983 ; Volume: 5 ; Year: 2014 ; Issue: 2 ; Pages: 56-71 ; Bucharest: Editura ASE

Classification and Topics

• Classification: Wirtschaft ; National Security and War ; Multiple or Simultaneous Equation Models: Time-Series Models; Dynamic Quantile Regressions; Dynamic Treatment Effect Models; Diffusion Processes; State Space Models ; Economic Growth and Aggregate Productivity: General ; Price Level; Inflation; Deflation
• Subject: military spending ; co-Integration ARDL ; economic growth ; Inflation

Contributors, Places and Time

• Event: Geistige Schöpfung
• (who): Apanisile, Tolulope Olumuyiwa ; Okunlola, Charles Olalekan
• Event: Veröffentlichung
• (who): Editura ASE
• (where): Bucharest
• (when): 2014

Further information

• Handle: http://hdl.handle.net/10419/107959
• Last update: 10.03.2025, 11:44 AM CET