TY  - JOUR
PY  - 2017//
TI  - The interrelationship between defence spending, public expenditures and economic growth: evidence from China
JO  - Defence and peace economics
A1  - Zhao, Liming
A1  - Zhao, Liang
A1  - Chen, Bing-Fu
SP  - 703
EP  - 718
VL  - 28
IS  - 6
N2  - This study examines the relationship between defence spending, other components of public spending and economic growth for the 1952-2012 period in China using Granger causality tests and generalised impulse response functions based on vector error correction models. The empirical results reveal two long-run equilibrium relationships among the variables and also show that defence spending inversely and unidirectionally Granger impacts economic growth. Furthermore, empirical findings point to a trade-off relationship between defence spending and public expenditures in China. From a policy maker's perspective, the findings reported herein imply that a decrease in defence spending may stimulate economic growth.<p />  <p>Language: en</p>
LA  - en
SN  - 1024-2694
UR  - http://dx.doi.org/10.1080/10242694.2015.1111603
ID  - ref1
ER  -