MARC details
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02359nam a22002297a 4500 |
| 001 - CONTROL NUMBER |
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47864 |
| 003 - CONTROL NUMBER IDENTIFIER |
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OSt |
| 005 - DATE AND TIME OF LATEST TRANSACTION |
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20250108113510.0 |
| 008 - FIXED-LENGTH DATA ELEMENTS--GENERAL INFORMATION |
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250108b |||||||| |||| 00| 0 eng d |
| 100 ## - MAIN ENTRY--PERSONAL NAME |
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| Personal name |
DIMITRAKI Ourania |
| Relator term |
Author |
| 245 ## - TITLE STATEMENT |
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| Title |
Analysis of the Economic Effects of Defence Spending in Spain: |
| Remainder of title |
A Re-Examination Through Dynamic ARDL Simulations and Kernel-Based Regularized Least Squares/ |
| 260 ## - PUBLICATION, DISTRIBUTION, ETC. |
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| Date of publication, distribution, etc. |
2024 |
| 520 ## - SUMMARY, ETC. |
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| Summary, etc. |
Spain’s economic growth over the last few decades constitutes a rather distinctive case in post-World War II Europe, which has attracted international academic interest. This paper examines the relationship between Spain’s military expenditure and economic growth during the period 1954-2021 to shed further light. Using the recently developed method of Dynamic Autoregressive Distributive Lag (DARDL) simulation proposed by Jordan and Philips (2018) and the Kernel-Based Regularized Least Squares (KRLS) technique which accounts for potential non-linearities, interactions, and heterogeneous effects, this paper tests the short and long – run equilibrium relationship between military expenditure and economic growth in Spain. Furthermore, with the cumulative sum (CUSUM) and cumulative sum of squares (CUSUMSQ) tests, we examine the stability of the above relationship. The results show that there is a positive short and long – run relationship between military expenditure and economic growth in Spain during the period under study. However, when we stratify our sample (before and after Spain’s democratization), the positive relationship is sustained only during the years of the non – democratic regime. This has further policy implications as policymakers in Spain need to carefully balance national security concerns with the need for sustained economic growth. |
| 598 ## - BULLETIN HEADING |
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| Bulletin Heading |
SPAIN, ECONOMIC GROWTH, MILITARY SPENDING, DARDL, KRLS, NEWARTICLS |
| 650 ## - SUBJECT ADDED ENTRY--TOPICAL TERM |
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| Topical term or geographic name entry element |
SPAIN |
| 650 ## - SUBJECT ADDED ENTRY--TOPICAL TERM |
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| Topical term or geographic name entry element |
ECONOMIC GROWTH |
| 650 ## - SUBJECT ADDED ENTRY--TOPICAL TERM |
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| Topical term or geographic name entry element |
MILITARY SPENDING |
| 700 ## - ADDED ENTRY--PERSONAL NAME |
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| Personal name |
EMMANOUILIDIS Kyriakos |
| 773 ## - HOST ITEM ENTRY |
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| Related parts |
Analysis of the Economic Effects of Defence Spending in Spain: A Re-Examination Through Dynamic ARDL Simulations and Kernel-Based Regularized Least Squares, Volume 35, Number 7, November 2024, Page 908-930 |
| 856 ## - ELECTRONIC LOCATION AND ACCESS |
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| Uniform Resource Identifier |
<a href="https://doi.org/10.1080/10242694.2023.2245698">https://doi.org/10.1080/10242694.2023.2245698</a> |
| Public note |
Click here for full text |
| 942 ## - ADDED ENTRY ELEMENTS (KOHA) |
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| Source of classification or shelving scheme |
Dewey Decimal Classification |
| Koha item type |
Journal Article |
| Suppress in OPAC |
No |
