Are the military expenditures of India and Pakistan external determinants for each other: An empirical investigation
Are the military expenditures of India and Pakistan external determinants for each other: An empirical investigation
复制标题
印度和巴基斯坦的军费开支是否是彼此的外部决定因素:一项实证调查
DOI:
10.1080/10242690302917
复制
发表时间:
2003
影响因子:
1.6
通讯作者:
Nadir Öcal
中科院分区:
文献类型:
--
作者:
Nadir Öcal
Empirical modeling of arms race between India and Pakistan has been a focus of interest in many studies. Nevertheless, the possibility of asymmetric dynamics between the variables under question seems to be ignored in these studies. The purpose of this paper is to fill this gap of the earlier literature by examining possible asymmetric effects of military expenditures of India and Pakistan on each other. It is assumed that asymmetry is due to the existence of two distinct regimes characterizing the variable of interest, with regime shift being a function of either a past value of the dependent or an exogenous variable. Smooth transition class of nonlinear models is used in the study. The results for Pakistan indicate that India's military expenditure have more deep effects when the past military expenditure of Pakistan is high, implying asymmetric relationship between the two variables.