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Impact of Military Expenditures on the Globalization Process: A Spatial Econometric Analysis for African Region
Journal of Asian and African Studies ( IF 0.882 ) Pub Date : 2021-04-25 , DOI: 10.1177/00219096211010324
Saima Sarwar 1 , Alvina Sabah Idrees 1
Affiliation  

With modernization, ideological shifts and economic interdependency, the concept of globalization has expanded vastly. Though the world is unipolar, still the international competition remains prevalent that poses serious threats to regional conflicts. The great powers of the world are still competing with each other for influence over other countries. Thus, the role of militarization cannot be ignored in this context. Thus, it would be interesting to examine the impact of military expenditures on the globalization process through the spill-over effects, along with their relationship with economic growth. The study employed panel data consisting of African countries, covering the time period from 2001 to 2014. The econometric estimation is done through the application of spatial econometric techniques, that is, the spatial autoregressive fixed effect model and spatial Durbin fixed effect model. The study has found a positive relationship between economic growth and globalization but a negative relationship was found between military expenditures and economic growth.



中文翻译:

军事支出对全球化进程的影响:非洲区域的空间计量经济学分析

随着现代化,意识形态转变和经济相互依存,全球化的概念已大大扩展。尽管世界是单极的,但国际竞争仍然普遍存在,对区域冲突构成了严重威胁。世界大国仍在相互争夺对其他国家的影响力。因此,在这种情况下不能忽视军事化的作用。因此,研究军事支出通过溢出效应及其与经济增长的关系对全球化进程的影响将是有趣的。这项研究采用了由非洲国家组成的面板数据,涵盖了从2001年到2014年的时间段。计量经济学的估算是通过应用空间计量经济学技术来完成的,即 空间自回归固定效应模型和空间Durbin固定效应模型。该研究发现经济增长与全球化之间存在正相关关系,但军事支出与经济增长之间存在负相关关系。

更新日期:2021-04-27
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