Examining the Military Spending Economic Growth Nexus in the Presence of Informality: Evidence from the Balkan Peninsula
Article
Dimitraki, O., Emmanouilidis, K. and Asllani, A. 2024. Examining the Military Spending Economic Growth Nexus in the Presence of Informality: Evidence from the Balkan Peninsula. Peace Economics, Peace Science and Public Policy. p. In Press. https://doi.org/10.1515/peps-2024-0029
Authors | Dimitraki, O., Emmanouilidis, K. and Asllani, A. |
---|---|
Abstract | This paper examines the military expenditure (milex) economic growth nexus, in selected Balkan and peripheral countries from 1990 to 2022, considering the presence of informality within an institutional framework. Specifically, we employ Principal Components Analysis (PCA) to formulate an index of informality and use the Dynamic Ordinary Least Squares (DOLS) and Fully-Modified Ordinary Least Squares (FMOLS) methods to identify the long-run equilibria. To provide a more comprehensive insight, the study also incorporates two types of causality tests – Dumitrescu-Hurlin and Juodis et al. – to determine the direction of the relationships. Our findings indicate that in the long-run milex can be detrimental to economic growth whilst informality boosts it. |
Journal | Peace Economics, Peace Science and Public Policy |
Journal citation | p. In Press |
ISSN | 1554-8597 |
Year | 2024 |
Publisher | De Gruyter |
Accepted author manuscript | License File Access Level Anyone |
Digital Object Identifier (DOI) | https://doi.org/10.1515/peps-2024-0029 |
Publication dates | |
Online | 20 Sep 2024 |
Publication process dates | |
Accepted | 04 Sep 2024 |
Deposited | 09 Oct 2024 |
Copyright holder | © 2024 |
Additional information | This is an Accepted Manuscript of an article published by De Gruyter in Peace Economics, Peace Science and Public Policy on 20/09/2024, available at: https://doi.org/10.1515/peps-2024-0029 |
https://repository.uel.ac.uk/item/8y59x
Restricted files
Accepted author manuscript
13
total views1
total downloads2
views this month0
downloads this month