Table 8 Summary of the nonlinear findings on the nexus between military expenditures and gross capital formation
MGDP ↔ INV | INV → MGDP | MGDP → INV | ||||
|---|---|---|---|---|---|---|
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 | + | |||||