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Article
Defence Expenditure and Economic Growth: Evidence from India
Journal of Cambridge Studies (2010)
  • aviral kumar tiwari, Mr.
Abstract

In this study by applying VECM analysis in the Dreger model we found bi-directional causality between GDP and defense expenditure, unidirectional causality from GDP to merchandise trade and from gross domestic savings to merchandise trade and no causality from any of the test variable to gross domestic savings. Merchandise trade found to be having positive response in one SD structural shock in defense expenditure and GDP found to be having negative response in one SD structural shock in defense expenditure.

Publication Date
2010
Citation Information
aviral kumar tiwari. "Defence Expenditure and Economic Growth: Evidence from India" Journal of Cambridge Studies Vol. 5 Iss. 2-3 (2010)
Available at: http://works.bepress.com/aviral_kumar_tiwari/3/