U.S. Military Expenditure and the Dollar
This paper examines the connections between U.S. military expenditure and the dollar-mark real exchange rate. Quarterly data for the period 1951.1-1983.3 are used to show that there exists a significant relationship linking real exchange rate, real military spending, and real GNP. The conclusion is based on evidence that these three variables are cointegrated. Copyright 1989 by Oxford University Press.
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Volume (Year): 27 (1989)
Issue (Month): 4 (October)
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