TY  - JOUR
PY  - 2000//
TI  - Defence spending and economic growth in South Africa: A supply and demand model
JO  - Defence and peace economics
A1  - Dunne, Paul
A1  - Nikolaidou, Eftychia
A1  - Roux, Alain
SP  - 573
EP  - 585
VL  - 11
IS  - 4
N2  - This paper provides a contribution to the growing corpus of knowledge and understanding of the interaction between economic growth and defence spending in South Africa by specifying a Keynesian simultaneous equation model and estimating the system for the period 1961 to 1997. The model contains a growth equation, a savings equation, a trade balance equation and a military burden equation and when estimated by single equation and systems estimation methods is relatively well specified. There is evidence of an overall negative effect of military spending on the economy over this period, though the significance of individual coefficients is low. There is certainly no evidence of any positive impact, suggesting that cuts in military spending do present an opportunity for improved macroeconomic performance.<p /> 
LA  - 
SN  - 1024-2694
UR  - http://dx.doi.org/10.1080/10430710008404967
ID  - ref1
ER  -