Consequential Effects of Defence Expenditure on Economic Growth of Saudi Arabia: 1970-2012

This study investigates the causality relationship between defence expenditures and Non Oil economic growth in Saudi Arabia over the period 1970-2012. Using Unit root tests, Johansen’s co-integration test and Granger Causality test. In this paper we found the existence of bi-directional causality relationship running from Non Oil-GDP to defence expenditure. The results show that, in Saudi Arabia, the model of defence expenditure is found to hold for Non Oil-GDP.

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Year of publication:	2012-10-15
Authors:	Ageli, Mohammed Moosa ; Zaidan, Shatha Mousa
Institutions:	Volkswirtschaftliche Fakultät, Ludwig-Maximilians-Universität München
Subject:	Defence Expenditure \| Economic Growth \| Unit Root test \| Co-integration test \| Granger causality and Error Correction Models (ECM) \| Saudi Arabia

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Extent:	application/pdf
Series:	MPRA Paper.
Type of publication:	Book / Working Paper
Notes:	Published in International Journal of Economics and Finance 2.5(2013): pp. 155-163
Classification:	C12 - Hypothesis Testing ; H56 - National Security and War ; N15 - Asia including Middle East
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10011259131