Journal article
The Causality Relationships between the Kingdom of Saudi Arabia’s (KSA) Military Expenditure and Economic Growth in the Period from 1987 to 2019

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Publication Details
Author list: Mohamed Noureldin Sayed
Publisher: Sciedu Press
Publication year: 2021
Journal: Research in World Economy
Volume number: 12
Issue number: 2
Start page: 289
End page: 301
Number of pages: 13
ISSN: 1923-3981
Web of Science ID:
PubMed ID:
Scopus ID:
eISSN: 1923-399X

This study aims to test the causality relationships between the Kingdom of Saudi Arabia’s (KSA) military expenditure and economic growth in KSA, by using time-series data in respect of the period from 1987 to 2019. This study applies the Granger causality approach and uses the ARDL bound test approach to test the long-term relationships between the variables. By applying the Granger causality approach, this study’s findings show that the rate of growth rate in KSA’s military expenditure does not result in a similar rate of growth in the country’s Gross Domestic Product (GDP). However, by applying the Granger causality approach, there is a bidirectional causality relationship between the KSA’s military expenditure and the fixed rate of the country’s capital growth.

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Last updated on 2021-04-10 at 14:39