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EnglishThe 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 cointegration analysis; (ii) FMOLSand DOLS estimations. General results highlight that military spending of uropean countries is: (1) positively associated with US military spending and (2) negatively associated with verage military spending of other European countries
| Titolo: | Interdependence between US and European Military Spending: A Panel Cointegration Analysis (1988-2013) |
| Autori: | |
| Data di pubblicazione: | 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 cointegration analysis; (ii) FMOLSand DOLS estimations. General results highlight that military spending of uropean countries is: (1) positively associated with US military spending and (2) negatively associated with verage military spending of other European countries |
| Handle: | http://hdl.handle.net/11575/88107 |
| Appare nelle tipologie: | 5.12 Altro |
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