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Militarism and globalization: Is there an empirical link?

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  • Manuchehr Irandoust

    (Kristianstad University)

Abstract

Despite the fact that previous studies have extensively investigated the causal nexus between military expenditure and economic growth in both developed and developing countries, those studies have not considered the role of globalization. The aim of this study is to examine the relationship between militarism and globalization for the top 15 military expenditure spenders over the period 1990–2012. The bootstrap panel Granger causality approach is utilized to detect the direction of causality. The results show that military expenditure and overall globalization are causally related in most of the countries under review. This implies that countries experiencing greater globalization have relatively large increases in militarization over the past 20 years. The policy implication of the findings is that greater military spending by a country increases the likelihood of military conflict in the future, the anticipation of which discourages globalization.

Suggested Citation

  • Manuchehr Irandoust, 2018. "Militarism and globalization: Is there an empirical link?," Quality & Quantity: International Journal of Methodology, Springer, vol. 52(3), pages 1349-1369, May.
    • Handle: RePEc:spr:qualqt:v:52:y:2018:i:3:d:10.1007_s11135-017-0525-4
    DOI: 10.1007/s11135-017-0525-4
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    More about this item

    Keywords

    Militarism; Globalization; Causality; Military spending;
    All these keywords.

    JEL classification:

    • F14 - International Economics - - Trade - - - Empirical Studies of Trade
    • F51 - International Economics - - International Relations, National Security, and International Political Economy - - - International Conflicts; Negotiations; Sanctions
    • F62 - International Economics - - Economic Impacts of Globalization - - - Macroeconomic Impacts

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