The aim of this paper is to study the interdependence of military spending between US and a panel of European countries in the period 1988-2013. The empirical estimation is based on a: (i) a unit root tests and a cointegration analysis; (ii) FMOLS and DOLS estimations. General results highlight that military spending of European countries is: (1) positively associated with US military spending and (2) negatively associated with average military spending of other European countries.

Caruso, R., Di Domizio, M., Interdependence Between US and European Military Spending: A Panel Cointegration Analysis (1988-2013), <<APPLIED ECONOMICS LETTERS>>, N/A; (N/A): N/A-N/A. [doi:10.1080/13504851.2015.1071466] [http://hdl.handle.net/10807/67425]

Interdependence Between US and European Military Spending: A Panel Cointegration Analysis (1988-2013)

Caruso, Raul;
2015

Abstract

The aim of this paper is to study the interdependence of military spending between US and a panel of European countries in the period 1988-2013. The empirical estimation is based on a: (i) a unit root tests and a cointegration analysis; (ii) FMOLS and DOLS estimations. General results highlight that military spending of European countries is: (1) positively associated with US military spending and (2) negatively associated with average military spending of other European countries.
Inglese
Caruso, R., Di Domizio, M., Interdependence Between US and European Military Spending: A Panel Cointegration Analysis (1988-2013), <<APPLIED ECONOMICS LETTERS>>, N/A; (N/A): N/A-N/A. [doi:10.1080/13504851.2015.1071466] [http://hdl.handle.net/10807/67425]
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Utilizza questo identificativo per citare o creare un link a questo documento: http://hdl.handle.net/10807/67425
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