Causality between defence spending and economic growth ‐ The case of mainland China: acomment
Yemane Wolde‐Rufael
(Social Services Department, London Borough of Camden, London, UK)
1210
Abstract
Challenges the claims of a previous article which tested the long‐run relationship between economic growth and defence spending for mainland China for 1950‐1991 and stated that the two series were integrated of the same order but not Granger‐causally related to each other in any direction. Shows that there is a unidirectional Granger causality running from defence expenditure to economic growth.
Keywords
Citation
Wolde‐Rufael, Y. (2001), "Causality between defence spending and economic growth ‐ The case of mainland China: acomment", Journal of Economic Studies, Vol. 28 No. 3, pp. 227-230. https://doi.org/10.1108/EUM0000000005471
Publisher
:MCB UP Ltd
Copyright © 2001, MCB UP Limited