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Defence expenditure and economic growth in Latin American countries: evidence from linear and nonlinear causality tests

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Academic year: 2020

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Figure

Table 1 Mean values of growth rates (GDP), gross capital formation as a share of GDP (Inv/GDP) and defence spending as a share of GDP (M/GDP)
Table 1 continued
Fig. 1 Growth over-performance vis-a`-vis the world average 1961–2014 (Growth rate of the ith countryminus the world average)
Fig. 2 Defence burden of Latin American countries compared to the world average 1961–2014 (Defenceburden of the ith country minus the world average)
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