IDEAS home Printed from https://ideas.repec.org/a/ris/ecoint/0095.html
   My bibliography  Save this article

An Econometric Analysis of the Military Expenditure and External Debt in Argentina

Author

Listed:
  • Feridun, Mete

    (Faculty of Economics and Administrative Sciences, Cyprus International University)

Abstract

This study analyzes the Argentine Financial Crisis of 2001 through investigating the impact of military expenditure on external debt in Argentina. For this purpose, Granger-causality testing procedure is applied on yearly data between 1971 and 2002. Strong evidence emerged that military burden had no impact on the evolution of debt in Argentina: Results of Granger-causality test show that the null hypotheses of military expenditure does not granger cause external debt is not rejected. Results show no evidence of reverse causality either. This finding invalidates the hypothesis that military burden may be important in determining the evolution of debt in developing countries.

Suggested Citation

  • Feridun, Mete, 2005. "An Econometric Analysis of the Military Expenditure and External Debt in Argentina," Economia Internazionale / International Economics, Camera di Commercio Industria Artigianato Agricoltura di Genova, vol. 58(4), pages 391-403.
    • Handle: RePEc:ris:ecoint:0095
    as

    Download full text from publisher

    File URL: http://www.iei1946.it/RePEc/ccg/FERIDUN%20391_403.pdf
    File Function: Full text
    Download Restriction: no
    ---><---

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Paresh Kumar Narayan & Russell Smyth, 2007. "The Military Expenditure-External Debt Nexus: New Evidence From A Panel Of Middle Eastern Countries," Monash Economics Working Papers 17-07, Monash University, Department of Economics.

    More about this item

    Keywords

    Military spending; external debt; Argentine financial crisis; Granger-causality;
    All these keywords.

    JEL classification:

    • F40 - International Economics - - Macroeconomic Aspects of International Trade and Finance - - - General
    • H56 - Public Economics - - National Government Expenditures and Related Policies - - - National Security and War
    • O54 - Economic Development, Innovation, Technological Change, and Growth - - Economywide Country Studies - - - Latin America; Caribbean

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:ris:ecoint:0095. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Angela Procopio (email available below). General contact details of provider: https://edirc.repec.org/data/cacogit.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.