Logo
Munich Personal RePEc Archive

Interdependence between US and European Military Spending: A Panel Cointegration Analysis (1988-2013)

Caruso, Raul and Di Domizio, Marco (2015): Interdependence between US and European Military Spending: A Panel Cointegration Analysis (1988-2013).

[thumbnail of MPRA_paper_64550.pdf]
Preview
PDF
MPRA_paper_64550.pdf

Download (357kB) | Preview

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 a cointegration analysis; (ii) FMOLS and DOLS estimations. General results highlight that military spending of European countries is: (1) positively associated with US military spending and (2) negatively associated with average military spending of other European countries.

Atom RSS 1.0 RSS 2.0

Contact us: mpra@ub.uni-muenchen.de

This repository has been built using EPrints software.

MPRA is a RePEc service hosted by Logo of the University Library LMU Munich.