EN
The Interactional Impact of Defence Expenditure and Arms Importation on Economic Growth in Nigeria: An Autoregressive Approach
Abstract
Little is done on the empirical analyses of the impact of defence expenditure on arms and economic growth. The few conducted concentrated on developed countries, which are exporters of arms. This study examines the short run and long run impact of arms importation on the economic growth in Nigeria, using ARDL model. Literature on defence expenditure and economic growth are often conflicting and inconclusive. These outcomes are due to the non-linear growth effects of defence and incorrect model specifications. The crucial growth effects of defence expenditure can be traced by properly controlling the interaction term. This paper examines the defence-arms interaction on Nigeria in the context of Aizeiman and Glick (2006) models. The result reveals that defence-arms interaction in Nigeria exerts negatively on the economic growth. It therefore recommends that defence R&D as well Defence Industrial Cooperation of Nigeria (DICON) should be properly financed and managed for efficiency and self-reliability.
Keywords
Details
Primary Language
English
Subjects
-
Journal Section
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Publication Date
April 1, 2016
Submission Date
April 1, 2016
Acceptance Date
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Published in Issue
Year 2016 Volume: 6 Number: 2
APA
Aminu, M. U., & Bakar, A. S. A. (2016). The Interactional Impact of Defence Expenditure and Arms Importation on Economic Growth in Nigeria: An Autoregressive Approach. International Journal of Economics and Financial Issues, 6(2), 538-543. https://izlik.org/JA56NY45SC
AMA
1.Aminu MU, Bakar ASA. The Interactional Impact of Defence Expenditure and Arms Importation on Economic Growth in Nigeria: An Autoregressive Approach. IJEFI. 2016;6(2):538-543. https://izlik.org/JA56NY45SC
Chicago
Aminu, Muhammed Umar, and Abu Sufian Abu Bakar. 2016. “The Interactional Impact of Defence Expenditure and Arms Importation on Economic Growth in Nigeria: An Autoregressive Approach”. International Journal of Economics and Financial Issues 6 (2): 538-43. https://izlik.org/JA56NY45SC.
EndNote
Aminu MU, Bakar ASA (April 1, 2016) The Interactional Impact of Defence Expenditure and Arms Importation on Economic Growth in Nigeria: An Autoregressive Approach. International Journal of Economics and Financial Issues 6 2 538–543.
IEEE
[1]M. U. Aminu and A. S. A. Bakar, “The Interactional Impact of Defence Expenditure and Arms Importation on Economic Growth in Nigeria: An Autoregressive Approach”, IJEFI, vol. 6, no. 2, pp. 538–543, Apr. 2016, [Online]. Available: https://izlik.org/JA56NY45SC
ISNAD
Aminu, Muhammed Umar - Bakar, Abu Sufian Abu. “The Interactional Impact of Defence Expenditure and Arms Importation on Economic Growth in Nigeria: An Autoregressive Approach”. International Journal of Economics and Financial Issues 6/2 (April 1, 2016): 538-543. https://izlik.org/JA56NY45SC.
JAMA
1.Aminu MU, Bakar ASA. The Interactional Impact of Defence Expenditure and Arms Importation on Economic Growth in Nigeria: An Autoregressive Approach. IJEFI. 2016;6:538–543.
MLA
Aminu, Muhammed Umar, and Abu Sufian Abu Bakar. “The Interactional Impact of Defence Expenditure and Arms Importation on Economic Growth in Nigeria: An Autoregressive Approach”. International Journal of Economics and Financial Issues, vol. 6, no. 2, Apr. 2016, pp. 538-43, https://izlik.org/JA56NY45SC.
Vancouver
1.Muhammed Umar Aminu, Abu Sufian Abu Bakar. The Interactional Impact of Defence Expenditure and Arms Importation on Economic Growth in Nigeria: An Autoregressive Approach. IJEFI [Internet]. 2016 Apr. 1;6(2):538-43. Available from: https://izlik.org/JA56NY45SC