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<p>Estimating Optimal Military Spending Policy in DSGE Model: Empirical vs Theoretical Approach</p>

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Title Statement <p>Estimating Optimal Military Spending Policy in DSGE Model: Empirical vs Theoretical Approach</p>
 
Added Entry - Uncontrolled Name Alaminos, David ; Department of Tourism, University of Málaga, Spain
Becerra-Vicario, Rafael ; Department of Tourism, University of Málaga, Spain
Cisneros-Ruiz, Ana José; Department of Tourism, University of Málaga, Spain
Solano-Sánchez, Miguel Ángel; Department of Tourism, University of Cordoba, Spain
 
Uncontrolled Index Term DSGE Model, DSGE-VAR, Macroeconomic policy, Military spending
 
Summary, etc. <p>Public spending on defense has become one of the most recent and complex research topics in macroeconomic policy analysis, which affects both economic growth and the welfare of society. Literature demands works that address the optimal calculation of military spending. This paper tries to respond to the estimation approach used to calculate military spending. Both a DSGE model (theoretical approach), a VAR model (empirical approach) and a DSGE-VAR model (combined approach) are developed. Our results indicate that the DSGE-VAR model offers the most robust estimates with minor deviations, closely followed by the DSGE model.</p>
 
Publication, Distribution, Etc. Journal of Scientific & Industrial Research
2022-11-19 05:33:33
 
Electronic Location and Access application/pdf
http://op.niscair.res.in/index.php/JSIR/article/view/68635
 
Data Source Entry Journal of Scientific & Industrial Research; ##issue.vol## 79, ##issue.no## 3 (2020): Journal of Scientific & Industrial Research
 
Language Note en