Abstract
Using cointegration and Granger causality tests, examines the
causal relationship between defence spending and economic growth in
mainland China over the period 1950‐1991. The results show that defence
spending is not cointegrated with the real economic growth rate,
implying the lack of any long‐run equilibrium relationship between the
two variables. In addition, Granger causality tests indicate causal
independence between the two variables.
Subject
General Economics, Econometrics and Finance
Cited by
32 articles.
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