Defense spending and economic growth across the Taiwan straits: a threshold regression model

Autor:	Bwo-Nung Huang, Chin-Wei Yang, Chung‐Nang Lai
Rok vydání:	2005
Předmět:	Economics and Econometrics Engineering Actuarial science Injury control business.industry Accident prevention Arms race Poison control Regression analysis International economics Capital (economics) business China Social Sciences (miscellaneous)
Zdroj:	Defence and Peace Economics. 16:45-57
ISSN:	1476-8267 1024-2694
DOI:	10.1080/1024269052000323542
Popis:	This paper employs both linear and non‐linear models to investigate the relationship between national defense spending and economic growth for Taiwan and China. Using data from 1953–2000 on defense spending, GDP, import, export and capital, we find that China's defense spending leads that of Taiwan. There exists the phenomenon of an arms race between both countries when official Chinese data are used. On the one hand, feedback relations prevail between economic growth and defense spending growth in Taiwan. On the other hand, China's national defense is found to lead economic growth.
Databáze:	OpenAIRE
Externí odkaz:	https://explore.openaire.eu/search/publication?articleId=doi_________::3a6d8dd1a5a26aebf6710507dc8656ca https://doi.org/10.1080/1024269052000323542 Zobrazit plný text záznamu