TY  - JOUR
PY  - 2005//
TI  - Defense spending and economic growth across the Taiwan straits: a threshold regression model
JO  - Defence and peace economics
A1  - Lai, CN
A1  - Huang, BN
A1  - Yang, Chih-Wei
SP  - 45
EP  - 57
VL  - 16
IS  - 1
N2  - 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.<p /> 
LA  - 
SN  - 1024-2694
UR  - http://dx.doi.org/10.1080/1024269052000323542
ID  - ref1
ER  -