Defense spending and economic growth in a nonlinear context: The case of France
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EN
Article de revue
Ce document a été publié dans
Revue Economique. 2014, vol. 65, n° 3, p. 601-618
Résumé en anglais
The aim of this article is to propose further empirical evidence on the defense spending - economic growth relationship in the case of France. Given the complexity of this nexus, we use a nonlinear model, which is original ...Lire la suite >
The aim of this article is to propose further empirical evidence on the defense spending - economic growth relationship in the case of France. Given the complexity of this nexus, we use a nonlinear model, which is original for the case of France. The results are the following : (i) a nonlinear approach is better compared to a linear approach ; (ii) the transition variable is the lagged growth rate ; (iii) the asymmetric behaviour of defense burden is highlighted depending to the growth regime : in the cases of low growth and high growth, the effect is negative but turns to be positive for intermediate growth rates.< Réduire
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