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[학술논문] An Arms Race between South and North Korea: A Causality Test

This study explores a possibility of an arms race between South and North Korea using Granger causality test for the period 1953-2002. An error correction model in a multivariate framework including South Korea’s GDP is employed. The estimation results indicate no existence of an arms race between two Koreas but a unidirectional causality running from defense spending of North Korea to that of

#Granger-causality #Defense spending #Arms race #South and North Korea #김동근

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[학술논문] An Arms Race between South and North Korea: A Causality Test

This study explores a possibility of an arms race between South and North Korea using Granger causality test for the period 1953-2002. An error correction model in a multivariate framework including South Korea’s GDP is employed. The estimation results indicate no existence of an arms race between two Koreas but a unidirectional causality running from defense spending of North Korea to that of

#Granger-causality #Defense spending #Arms race #South and North Korea #김동근

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