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Defence expenditure and economic growth in Latin American countries: evidence from linear and nonlinear causality tests
(Centro de Investigación y Docencia Económicas, 2017-02-09)
Using SIPRI’s new consistent database on military expenditures, the paper examines the economic effects of such spending in the case of the 13 Latin American countries. Employing both linear and nonlinear tests, the nexus ...
The demand for military spending in Latin American countries
(Centro de Investigación y Docencia Económicas, 2018-10-05)
The allocation of resources to defence and national security is influenced by several factors, both domestic and external. Empirical findings suggest that military spending is determined by economic, strategic, political, ...