An Empirical Investigation of External Debt - Military Expenditure Nexus in Bangladesh
AbstractThe objective of this paper is to empirically investigate a two-way statistical relationship between the real external debt and real military expenditure in the context of Bangladesh. A time series co-integration and Granger causality tests have been employed from 1980 - 2009 for analysis. The empirical results support the bi-directional causality between the external debt and economic growth, while unidirectional causality runs from military spending to external debt.
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Bibliographic InfoArticle provided by Faculty of Management, Academy of Economic Studies, Bucharest, Romania in its journal ECONOMIA seria MANAGEMENT / ECONOMY - MANAGEMENT series.
Volume (Year): 15 (2012)
Issue (Month): 1 (June)
Bangladesh; Cointegration; Granger causality; Real Arms import; Real External debt; Real Military expenditure.;
Find related papers by JEL classification:
- H00 - Public Economics - - General - - - General
- C1 - Mathematical and Quantitative Methods - - Econometric and Statistical Methods and Methodology: General
- C2 - Mathematical and Quantitative Methods - - Single Equation Models; Single Variables
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