Article(print) World Affairs Online1997

Defense spending and export in South Korea: A causal analysis

In: Asian perspective, Volume 21, Issue 3, p. 93-105

Heo Uk

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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)

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