Citation

Solarin, Sakiru Adebola (2018) Determinants of military expenditure and the role of globalisation in a cross-country analysis. Defence and Peace Economics, 29 (7). pp. 853-870. ISSN 1024-2694, 1476-8267

Text solarin2017.pdf - Published Version Restricted to Repository staff only Download (1MB)

Abstract

Anecdotal evidence offers conflicting views on the impact of globalisation on military expenditure. We contribute to the existing literature by investigating the effect of globalisation on military expenditure in 82 countries for the period, 1989–2012. After introducing economic and strategic variables into the model, we utilise the dynamic panel generalised method of moments system to estimate the relationship in the variables. The empirical findings reveal that globalisation reduces both military burden and real military expenditure. The findings are consistent, irrespective of the globalisation indicator adopted. The policy implications of the results are explained.

Item Type:	Article
Uncontrolled Keywords:	Globalization, Military expenditure, globalisation, panel data, system GMM estimates
Subjects:	H Social Sciences > HF Commerce
Divisions:	Faculty of Business (FOB)
Depositing User:	Ms Suzilawati Abu Samah
Date Deposited:	26 Jul 2021 03:47
Last Modified:	26 Jul 2021 03:47
URII:	http://shdl.mmu.edu.my/id/eprint/7677

Downloads

Edit (login required)