An Empirical Analysis of Arms Exports and Economic Growth Spillovers: The Case of the United States

Callado Muñoz, Francisco José ; Hromcová, Jana ; Laborda Herrero, Ricardo ; Utrero González, Natalia

Resumen: In this paper, we study closely the relationship between arms exports, labor productivity and economic growth. Using a connectedness-measurement technology fundamentally grounded in modern network theory, we determine the size and direction of the spillover effects between these three variables. Our findings indicate that shocks from arms exports have direct spillovers over the labor productivity and GDP growth, whereas the reverse is not captured by our data. We also provide a dynamic analysis of the spillovers that confirm the direction of spillovers from arms exports to the other variables. The recent evolution of arms exports from the United States together with the changes in arms exports policy show the timeliness of studying the effects of this particular trade to the rest of the economy.

Idioma: Inglés

DOI: 10.1080/10242694.2022.2087324

Año: 2023

Publicado en: Defence and Peace Economics 34, 7 (2023), 893-913
ISSN: 1024-2694

Factor impacto JCR: 1.6 (2023)

Categ. JCR: ECONOMICS rank: 273 / 597 = 0.457 (2023) - Q2 - T2

Factor impacto CITESCORE: 4.0 - Social Sciences (miscellaneous) (Q1) - Economics and Econometrics (Q2)

Factor impacto SCIMAGO: 0.539 - Social Sciences (miscellaneous) (Q2) - Economics and Econometrics (Q2)

Financiación: info:eu-repo/grantAgreement/ES/DGA-FEDER/S52-20R
Financiación: info:eu-repo/grantAgreement/ES/MEC/PID2019-106642GB-I00
Financiación: info:eu-repo/grantAgreement/ES/MEC/PID2020-115018RB-C32

Tipo y forma: Artículo (PostPrint)