{"title":"北约成员国军费开支与外债的线性与非线性因果关系分析","authors":"S. Karagianni, M. Pempetzoglou","doi":"10.26417/EJES.V5I1.P37-45","DOIUrl":null,"url":null,"abstract":"This paper deploys the linear and non-linear Granger causality methods in order to determine the causal relationship between military expenditures and external debt in NATO countries for the time period 1960-2015. Its innovative feature lies in the empirical application of the Francis et al. (2010) nonlinear causality test. To our knowledge, this is the first study to employ the specific test in order to explore the existence of potential nonlinear links between military spending and debt. The empirical results indicate the existence of linearity in the cases of Greece, Italy, UK and USA and the existence of nonlinearity in the cases of Turkey and USA. The paper aims to provide valuable input to the regulators and decision makers.","PeriodicalId":448769,"journal":{"name":"European Journal of Economics and Business Studies","volume":"135 1","pages":"0"},"PeriodicalIF":0.0000,"publicationDate":"2019-04-30","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":"1","resultStr":"{\"title\":\"A Linear and Non-Linear Causality Analysis between Military Expenditures and External Debt in NATO Member Countries\",\"authors\":\"S. Karagianni, M. Pempetzoglou\",\"doi\":\"10.26417/EJES.V5I1.P37-45\",\"DOIUrl\":null,\"url\":null,\"abstract\":\"This paper deploys the linear and non-linear Granger causality methods in order to determine the causal relationship between military expenditures and external debt in NATO countries for the time period 1960-2015. Its innovative feature lies in the empirical application of the Francis et al. (2010) nonlinear causality test. To our knowledge, this is the first study to employ the specific test in order to explore the existence of potential nonlinear links between military spending and debt. The empirical results indicate the existence of linearity in the cases of Greece, Italy, UK and USA and the existence of nonlinearity in the cases of Turkey and USA. The paper aims to provide valuable input to the regulators and decision makers.\",\"PeriodicalId\":448769,\"journal\":{\"name\":\"European Journal of Economics and Business Studies\",\"volume\":\"135 1\",\"pages\":\"0\"},\"PeriodicalIF\":0.0000,\"publicationDate\":\"2019-04-30\",\"publicationTypes\":\"Journal Article\",\"fieldsOfStudy\":null,\"isOpenAccess\":false,\"openAccessPdf\":\"\",\"citationCount\":\"1\",\"resultStr\":null,\"platform\":\"Semanticscholar\",\"paperid\":null,\"PeriodicalName\":\"European Journal of Economics and Business Studies\",\"FirstCategoryId\":\"1085\",\"ListUrlMain\":\"https://doi.org/10.26417/EJES.V5I1.P37-45\",\"RegionNum\":0,\"RegionCategory\":null,\"ArticlePicture\":[],\"TitleCN\":null,\"AbstractTextCN\":null,\"PMCID\":null,\"EPubDate\":\"\",\"PubModel\":\"\",\"JCR\":\"\",\"JCRName\":\"\",\"Score\":null,\"Total\":0}","platform":"Semanticscholar","paperid":null,"PeriodicalName":"European Journal of Economics and Business Studies","FirstCategoryId":"1085","ListUrlMain":"https://doi.org/10.26417/EJES.V5I1.P37-45","RegionNum":0,"RegionCategory":null,"ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"","JCRName":"","Score":null,"Total":0}
引用次数: 1
摘要
为了确定1960-2015年期间北约国家军费支出与外债之间的因果关系,本文采用线性和非线性格兰杰因果关系方法。其创新之处在于对Francis et al.(2010)非线性因果检验的实证应用。据我们所知,这是第一个采用具体测试来探索军事开支和债务之间存在潜在非线性联系的研究。实证结果表明,希腊、意大利、英国和美国存在线性关系,土耳其和美国存在非线性关系。本文旨在为监管机构和决策者提供有价值的建议。
A Linear and Non-Linear Causality Analysis between Military Expenditures and External Debt in NATO Member Countries
This paper deploys the linear and non-linear Granger causality methods in order to determine the causal relationship between military expenditures and external debt in NATO countries for the time period 1960-2015. Its innovative feature lies in the empirical application of the Francis et al. (2010) nonlinear causality test. To our knowledge, this is the first study to employ the specific test in order to explore the existence of potential nonlinear links between military spending and debt. The empirical results indicate the existence of linearity in the cases of Greece, Italy, UK and USA and the existence of nonlinearity in the cases of Turkey and USA. The paper aims to provide valuable input to the regulators and decision makers.