동적패널데이터모델을 이용한 국방비와 경제성장의 관계
Military Expenditure and Growth - Dynamic Panel Data Analysis -
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초록
본 논문에서는 위협변수를 고려하여 국방비와 경제성장의 관계를 여러 실증분석 방법을 통해 연구하였다. 그 결과 전기 위협은 직접적으로는 경제성장에 부정적인 영향을 미치나, 국가적 위협이 높을 때의 국방비 지출은 경제성장에 긍정적 인 영향을 주는 것을 확인하였다. 특히 연도별 데이터와 4년 데이터 분석에서같은 결과가 도출되어, 단기적뿐만 아니라 장기적으로도 국가적 위협이 높을 때의 국방비 지출 증가는 경제성장에 긍정적인 영향을 주는 것을 확인할 수 있다.
Abstract
This paper examines the impact of military expenditure on economic growth considering external threat variable. There are a lot of literatures on the relationship between economic growth and military expenditure, but its findings are often contradictory and inconclusive. External threat is an important variable in the relationship between military expenditure and economic growth. The literature about relationship between military expenditure and economic growth without external threat variable can have omitted variable bias. Using Fixed effect, SYSTEM-GMM, Bias Corrected LSDV estimators, we examine the growth effects of military expenditure, country threats in unbalanced panel of 82 countries during 1984-2003. We find that higher country threat variable separately lead to lower economic growth, but higher military expenditure is less detrimental to growth when a country threat variable is high.
참고문헌 (24)
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