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- W1485113350 abstract "This paper examines the impact of military expenditure and income on external debt for a panel of six Middle Eastern countries; namely, Oman, Syria, Yemen, Bahrain, Iran, and Jordan, over the period 1988 to 2002. Using Pedroni's (2004) test for panel cointegration, we find that there is a long-run relationship between external debt, military expenditure and income. The estimated long-run elasticities suggest that an increase in military expenditure contributes to a rise in external debt, while an increase in income helps the Middle Eastern countries to pay off their external debt." @default.
- W1485113350 created "2016-06-24" @default.
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- W1485113350 date "2017-06-08" @default.
- W1485113350 modified "2023-09-27" @default.
- W1485113350 title "The military expenditure-external debt nexus: new evidence from a panel of Middle Eastern countries" @default.
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- W1485113350 doi "https://doi.org/10.4225/03/5938c42cc1d9f" @default.
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