Shahbaz, Muhammad; Sherafatian-Jahromi, Reza; Malik, … - Volkswirtschaftliche Fakultät, … - 2015
This paper contributes in economic literature by investigating the impact of defense spending on income inequality in … spending and income inequality is examined by employing the VECM Granger causality approach. Our findings validate the long run …-U shaped relationship exists between defense spending and income inequality while economic growth reduces income inequality …