| Автор | Payne, James E. |
| Автор | Ross, Kevin L. |
| Дата выпуска | 1992 |
| dc.description | Given Kinsella's (1990, 1991) appeal for analysis to be pursued using sub‐annual level of data, we pursue such an endeavor in this paper. We examime the effect of defence spending on real output, the unemployment rate, price level, and interest rate covering a quarterly time frame 1960:1 to 1988:1 using an unrestricted vector autoregression framework. Our results parallel the findings of Kinsella in that there appears no causal relationship in either direction between defence spending and economic performance. |
| Формат | application.pdf |
| Издатель | Taylor & Francis Group |
| Копирайт | Copyright Taylor and Francis Group, LLC |
| Тема | Defence spending |
| Тема | macroeconomy |
| Тема | cointegration |
| Тема | VAR |
| Название | Defense spending and the macroeconomy |
| Тип | research-article |
| DOI | 10.1080/10430719208404724 |
| Print ISSN | 1043-0717 |
| Журнал | Defence Economics |
| Том | 3 |
| Первая страница | 161 |
| Последняя страница | 168 |
| Аффилиация | Payne, James E.; Department of Economics, Oakland University |
| Аффилиация | Ross, Kevin L.; Department of Economics, University of North Carolina—Wilmington |
| Выпуск | 2 |
| Библиографическая ссылка | Aschauer, David Alan. 1989. Is public expenditure productive?. Journal of Monetary Economics,, 23(2): 177–200. |
| Библиографическая ссылка | Atesoglu, H., Sonmez and Mueller, Michael J. 1990. Defense spending and economic growth.. Defence Economics,, 2(1): 19–27. |
| Библиографическая ссылка | Baek, Gi Ehung. 1991. Defence spending and economic performance in the United States: some structural VAR evidence. Defence Economics,, 2(3): 251–264. |
| Библиографическая ссылка | Barro, Robert J. 1981. Output effects of government purchases. Journal of Political Economy,, 89(6): 1086–1121. |
| Библиографическая ссылка | Dickey, David A. and Fuller, Wayne A. 1979. Distribution of the estimators for autoregressive time series with a unit root.. Journal of the American Statistical Association,, 74(2): 427–431. |
| Библиографическая ссылка | Dudley, Leonard and Passell, Peter. 1968. The war in Vietnam and the United States, balance of payments. Review of Economics and Statistics,, 50(4): 437–442. |
| Библиографическая ссылка | Dunne, Paul and Smith, Ronald P. 1990. Military expenditure and unemployment in the OECD. Defence Economics,, 1(1): 57–73. |
| Библиографическая ссылка | Engle, Robert F. and Granger, C.W.J. 1987. Co‐integration and error correction: representation, estimation, and testing. Econometrica,, 55(2): 251–276. |
| Библиографическая ссылка | Engle, Robert F. and Yoo, Byung Sam. 1987. Forecasting and testing in co‐integrated systems. Journal of Econometrics,, 35(1): 143–159. |
| Библиографическая ссылка | Greenberg, Edward. 1967. Employment impacts of defense expenditures and obligations. Review of Economics and Statistics,, 49(2): 186–198. |
| Библиографическая ссылка | Kinsella, David. 1990. Defence spending and economic performance in the United States: a causal analysis. Defence Economics,, 1(4): 295–309. |
| Библиографическая ссылка | Kinsella, David. 1991. Defence and the economy: a reply. Defence Economics,, 2(3): 265–267. |
| Библиографическая ссылка | Melman, Seymour. 1988. Economic consequences of the arms race: the second rate economy. American Economic Review,, 78(2): 55–59. |
| Библиографическая ссылка | Nelson, Charles R. and Plosser, Charles I. 1982. Trends and random walks in macroeconomic time series: some evidence and implications. Journal of Monetary Economics,, 10(2): 139–162. |
| Библиографическая ссылка | Nourzad, Farrokh. 1987. A re‐examination of the effect of rapid military spending on expected inflation. Quarterly Journal of Business and Economics,, 26(3): 57–66. |
| Библиографическая ссылка | Schultze, Charles L. 1981. Economic effects of the defence budget. The Brookings Bulletin,, 18(2): 1–5. |
| Библиографическая ссылка | Smith, Ronald P. 1980. Military expenditure and investment in OECD countries. Journal of Comparative Economics,, 4(1): 19–32. |
| Библиографическая ссылка | Vitaliano, Donald F. 1984. Defense spending and inflation: an empirical analysis. Quarterly Review of Economics and Business,, 24(1): 22–32. |
