Defense, Economic Growth and Energy Consumption in China


Bildirici M. E.

5th Istanbul Conference of Economics and Finance, İstanbul, Türkiye, 6 - 07 Haziran 2016, cilt.38, ss.257-263 identifier

  • Cilt numarası: 38
  • Doi Numarası: 10.1016/s2212-5671(16)30197-6
  • Basıldığı Şehir: İstanbul
  • Basıldığı Ülke: Türkiye
  • Sayfa Sayıları: ss.257-263

Özet

This paper aimed to test the dynamic relationship between economic growth, energy consumption and defence expenditure in China for the period 1987-2013. It was used to the bounds test approach to cointegration developed by Pesaran et al. (2001) and it was determined whether there was a short and a long-run relationship among defence expenditure, energy consumption and economic growth. It was found that defence and energy consumption has a positive and a statistically significant impact on economic growth of China. Further, it was applied the Granger causality and it was determined a positive and a significant causal relation between variables. (C) 2016 The Authors. Published by Elsevier B.V.