文章基本信息

标题：Modeling the Defense-Growth Nexus in a Post-Conflict Country - A Piecewise Linear Approach
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作者：Gerhard Reitschuler ; Ludger J. Löning
期刊名称：Discussion Papers / Ibero America Institute for Economic Research (IAI)
出版年度：2004
卷号：2004
出版社：Ibero America Institute for Economic Research
摘要：The defense-growth nexus is investigated empirically using longitudinal data for Guatemala and allowing the effect of defense spending on growth to be nonlinear. Using recently developed econometric methods involving threshold regressions, evidence of a level-dependent effect of military expenditure on GDP growth is found: a positive and significant externality effect of defense spending prevails for relatively low levels of defense spending and becomes negative, albeit insignificant, for higher levels.
关键词：Guatemala, defense expenditures, nonlinearity, economic growth, externality effect