EKONOMICKÉ DETERMINANTY VOJENSKÝCH VÝDAJŮ – KAUZÁLNÍ ANALÝZA

• Authors: Odehnal Jakub , Jiří Neubauer

Title variants

EN

Economic determinants of military spending – causal analysis

• Languages of publication: CS

Abstracts

EN

The current developments in the NATO countries suffering from deficit in public finances intensify pressures for cutting military expenditure which is noticeable in the NATO countries as well where only a small group of countries fulfils the recommended 2% of GDP investment in military expenditure. This paper employs the Granger causality test and change point analysis to verify the theoretical relationship between the economic determinants of military expenditure and the level of military expenditure for chosen NATO member countries (France, Germany and Great Britain) over the period 1971 – 2012. Data were selected from the SIPRI and OECD databases. The findings suggest that defence spending in France, Germany and Great Britain is not determined by the economic growth.

Keywords

EN

MILITARY EXPENDITURES; ‎DEMAND FOR DEFENCE; GRANGER CAUSALITY TEST; GDP; NATO

• Publisher: Institute of Slovak and World Economics and Institute for Forecasting, Slovak Academy of Sciences
• Journal: Ekonomický časopis (Journal of Economics)
• Year: 2015
• Volume: 63
• Issue: 10
• Pages: 1019 – 1032

Contributors

author

Odehnal Jakub

• Univerzita obrany, Fakulta vojenského leadershipu, Katedra ekonomie, Kounicova 65, 662 10 Brno, Czech Republic

author

Jiří Neubauer