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Defense spending - economic growth nexus in selected OIC countries: a long-run causality analysis

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dc.contributor.authorMuzafar Shah Habibullah
dc.contributor.authorHirnissa Mohd Tahir
dc.contributor.authorBaharom Abdul Hamid
dc.date.accessioned2017-09-15T07:08:51Z
dc.date.available2017-09-15T07:08:51Z
dc.date.issued2011
dc.description.abstractThis paper investigates the long run Granger causality between defense spending and economic growth for 20 selected Organization of Islamic Countries (OIC) by employing the Error-Correction Model (ECM) framework using annual data for the period 1960 to 2005. defense spending (milex) is measured using the ratio of defense spending to gross domestic product (GDP); while economic growth (rgdpc) is proxy by the real GDP per capita. The results of our study indicated that one way long run Granger causality was found running from economic growth to defense spending for Burkina Faso, Indonesia, Kuwait, Saudi Arabia, Sudan, Togo and Turkey. On the other hand, one way long run Granger causality was found running from defense spending to economic growth was found for Iran, Mauritania and Nigeria. However for the rest of the OIC countries, the results suggested no relationship between defense spending and economic growth.en_US
dc.identifier.citationHabibullah, Muzafar Shah and Mohd Tahir, Hirnissa and Abdul Hamid, Baharom. (2011, December 1-2). Defense spending - economic growth nexus in selected OIC countries: a long-run causality analysis. Paper presented at 1st International Conference on Accounting, Business and Economics, at Kuala Terengganu, Terengganu, Malaysia.en_US
dc.identifier.urihttps://ikr.inceif.org/handle/INCEIF/2666
dc.languageEnglish
dc.language.isoengen_US
dc.subjectDefense spendingen_US
dc.subjectEconomic growthen_US
dc.subjectOICen_US
dc.subjectGranger causalityen_US
dc.subjectECMen_US
dc.titleDefense spending - economic growth nexus in selected OIC countries: a long-run causality analysis
dc.typeAcademic Proceedingen_US
dlc.maintopicConventional finance
dlc.subtopicEconomics
dspace.entity.typePublication
ikr.doctypeScholarly Works
ikr.topic.maintopicConventional financeen_US
ikr.topic.subtopicConventional financeen_US
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relation.isAuthorOfPublication219f93a8-b38f-400c-981f-6a7162e44a2f
relation.isAuthorOfPublication219f93a8-b38f-400c-981f-6a7162e44a2f
relation.isAuthorOfPublication.latestForDiscovery219f93a8-b38f-400c-981f-6a7162e44a2f
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