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 |