Purpose – The purpose of this paper is to investigate the relationship between financial development and agriculture growth employing Cobb‐Douglas function by incorporating financial development as an important factor of production over the period 1971‐2011. Design/methodology/approach –...

This paper explores the effect of military expenditures on external debt in case of Pakistan over the period of 1973-2009. For this purpose, ARDL bounds testing approach is used to examine cointegration between the variables. ADF, P-P and ADF-GLS, Clemente et al. (1998) unit root tests are...

The aim of present is to reinvestigate the effect of defence spending on economic growth using Zivot and Andrews (1992) and Lee and Strazicich, (2003) structural unit root tests and ARDL bounds testing approach to cointegration in augmented version of Keynesian model for Indian economy. Our...

This study revisits the relationship between defence spending and economic growth using Keynesian model in Pakistan by applying ARDL bounds testing approach to cointegration for long run and error correction method for short span of time. Empirical evidence suggests a stable cointegration...

The present study deals with the nexus between oil price and Russia’s real exchange rate along different econometric methods (ARDL bounds testing approach, wavelet coherency and frequency domain through Breitung and Candelon’s (2006) technique). The obtained findings are highly suggestive of...

This paper contributes in economic literature by investigating the impact of defense spending on income inequality in case of Iran using time series data over the period of 1971-2011. For this purpose, we have applied the ARDL bounds testing approach to cointegration for long run relationship in...