Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/195238
Authors: 
Kollias, Christos
Paleologou, Suzanna-Maria
Tzeremes, Panayiotis
Tzeremes, Nickolaos
Year of Publication: 
2017
Citation: 
[Journal:] Latin American Economic Review [ISSN:] 2196-436X [Volume:] 26 [Year:] 2017 [Issue:] 2 [Pages:] 1-25
Abstract: 
Using SIPRI's new consistent database on military expenditures, the paper examines the economic effects of such spending in the case of the 13 Latin American countries. Employing both linear and nonlinear tests, the nexus between defence spending, economic growth, and investment is investigated for the period 1961-2014. Findings reported herein are not uniformed across all countries included in the sample. However, as a broad tentative generalization, they seem to be pointing to the absence of a strong and robust nexus between the variables examined.
Subjects: 
Latin America
Military spending
Growth
Causality
JEL: 
H56
C22
O54
Persistent Identifier of the first edition: 
Creative Commons License: 
https://creativecommons.org/licenses/by/4.0/
Document Type: 
Article
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