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A Panel Data Analysis Of The Nexus Between Defence Spending And Growth In The European Union: A Reply

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  • Christos Kollias
  • Nikolaos Mylonidis
  • Suzanna-Maria Paleologou

Abstract

Hatzinikolaou raises a number of issues related mainly to the econometrics of our paper. These issues are categorized according to the three stages of econometric analysis: specification, estimation, and diagnostic checking. We categorize our reply to his comments accordingly.

Suggested Citation

  • Christos Kollias & Nikolaos Mylonidis & Suzanna-Maria Paleologou, 2007. "A Panel Data Analysis Of The Nexus Between Defence Spending And Growth In The European Union: A Reply," Defence and Peace Economics, Taylor & Francis Journals, vol. 18(6), pages 581-583.
    • Handle: RePEc:taf:defpea:v:18:y:2007:i:6:p:581-583
    DOI: 10.1080/10242690701516853
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    References listed on IDEAS

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    5. J. Paul Dunne & Ron Smith & Dirk Willenbockel, 2005. "Models Of Military Expenditure And Growth: A Critical Review," Defence and Peace Economics, Taylor & Francis Journals, vol. 16(6), pages 449-461.
    6. Dritsakis, N., 2004. "Defense spending and economic growth: an empirical investigation for Greece and Turkey," Journal of Policy Modeling, Elsevier, vol. 26(2), pages 249-264, February.
    7. Dakurah, A. Henry & Davies, Stephen P. & Sampath, Rajan K., 2001. "Defense spending and economic growth in developing countries: A causality analysis," Journal of Policy Modeling, Elsevier, vol. 23(6), pages 651-658, August.
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