Loading...
Please wait, while we are loading the content...
Similar Documents
The Nexus between Political Instability , Defence Spending and Economic Growth in the Middle East Countries : Bootstrap Panel Granger Causality Analysis
| Content Provider | Semantic Scholar |
|---|---|
| Author | Balan, Feyza |
| Copyright Year | 2016 |
| Abstract | This paper investigates the direction of causality between political instability, defence spending and economic growth for 12 MENAT countries during the period 1988-2013 within a panel data framework, which considers the issues of cross-sectional dependency and slope heterogeneity among countries investigated simultaneously. We find a positive causality relationship from political instability and defence spending to economic growth for only Lebanon; a positive causality relationship from political instability and economic growth to defence spending for Jordan, Lebanon, Saudi Arabia, Morocco and Turkey; a positive causality relationship from economic growth and defence spending to political instability for Egypt, Israel and Turkey. Thus, empirical results point out that the military as a government institution have played the central role of upon economic growth and political instability for Lebanon, Egypt, Israel and Turkey. |
| File Format | PDF HTM / HTML |
| Alternate Webpage(s) | http://www.upg-bulletin-se.ro/archive/2015-4/1.Balan.pdf |
| Language | English |
| Access Restriction | Open |
| Content Type | Text |
| Resource Type | Article |
