Zhong, Ming; Chang, Tsangyao; Goswami, Samrat; Gupta, Rangan - Department of Economics, Faculty of Economic and … - 2014
This study re-examines the causal linkages between military expenditures and economic growth for the BRICS countries (Brazil, Russia, India, China, and South Africa) and that for the USA for the period 1988-2012. Panel causality was examined to explain dependency and heterogeneity across...
