Table 7 Summary of the nonlinear findings on the nexus between military expenditures and growth
MGDP ↔ GDP | GDP → MGDP | MGDP → GDP | ||||
|---|---|---|---|---|---|---|
Raw Data | Resid. VAR | Raw Data | Resid. VAR | Raw Data | Resid. VAR | |
Argentina | + | |||||
Bolivia | + | |||||
Brazil | + | |||||
Chile | + | |||||
Colombia | ||||||
Dominican Republic | + | |||||
Ecuador | ||||||
El Salvador | + | + | + | |||
Guatemala | ||||||
Mexico | ||||||
Paraguay | + | |||||
Peru | ||||||
Venezuela | ||||||