Defense spending and export in South Korea: A causal analysis

In: Asian perspective, Band 21, Heft 3, S. 93-105

Abstract

One of the most important questions stemming from the end of the Cold War centres on the issue of how reductions on defence spending will affect economic performance. After a review of literature on the defence-growth relationship and examination on theoretical relationship between defecence spending and export, the author systematically explores the indirect relationship between defence spending and economic growth by using a Box-Jenkins ARJMA (Autoregressive Integrated Moving Average) causal model. (DÜI-Sen)