標題: The impact of defense expenditure on economic productivity in OECD countries
作者: Wang, Tung-Pao
Shyu, Stacy Huey-Pyng
Chou, Han-Chung
經營管理研究所
Institute of Business and Management
關鍵字: Defense expenditure strategy;Economic productivity;Productivity index;Bootstrap;OECD
公開日期: 1-十一月-2012
摘要: Evaluating the effects of defense spending on macroeconomic performance and, in particular, on economic productivity is a critical issue. This study integrates Malmquist productivity index (MPI) with bootstrapping to establish statistical inferences that provide a complete, effective analysis of the impact of defense expenditure on economic productivity between 1993 and 2009 for Economic Co-operation and Development member countries. The findings indicate that the average MPI with defense expenditure is higher than that without defense expenditure. Additionally, region based productivity analysis indicates that the appropriate allocation of defense expenditure can increase regional economic productivity effectively across Asia. Oceania and Europe. Moreover, the results further prove that the effective defense expenditure strategies undertaken by government are important for improving economic productivity of countries. The integrated methodology approach applied in this study can be used for further similar studies. (C) 2012 Elsevier B.V. All rights reserved.
URI: http://dx.doi.org/10.1016/j.econmod.2012.06.041
http://hdl.handle.net/11536/20723
ISSN: 0264-9993
DOI: 10.1016/j.econmod.2012.06.041
期刊: ECONOMIC MODELLING
Volume: 29
Issue: 6
起始頁: 2104
結束頁: 2114
顯示於類別:期刊論文


文件中的檔案:

  1. 000311184700004.pdf