A great part of the defense literature is focused on the interaction between military spending
and economic activity. To investigate this interrelationship, researchers have applied a wide …

This study re-examines the international convergence in defence spending for 125 countries
spanning 1985–2018. We employ the approach of Phillips and Sul, which tests for the …

Employing a panel vector autoregression (PVAR) methodology, the paper addresses the
nexus between military expenditures and two key macroeconomic variables, namely growth …

The economic effects of defense spending have attracted considerable attention in the
literature. Invariably, the defense burden, ie, the military spending to GDP (gross domestic …

This study examines the convergence in military expenditure and economic growth for a
panel of 35 African countries between 1990 and 2015. We employ the Phillips and Sul …

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 …

The allocation of resources to defence and national security is influenced by several factors,
both domestic and external. Empirical findings suggest that military spending is determined …

Although possible asymmetries for univariate and multivariate dynamics have been the
focus of interest in many areas of economic explorations, it seems that most of the research …

There is a dearth of comprehensive studies examining the compositional and asymmetric
effects of defence spending on simultaneous economic growth. This study uses the …

Until today, the great majority of the relevant literature is dominated by growth models that
assume common structural parameters and Total Factor Productivity (TFP) evolution across …