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Aijaz Syed, A. (2021). Relación asimétrica entre el gasto militar, el crecimiento económico y la productividad industrial: un análisis empírico de India, China y Pakistán implementando el método NARDL. Revista Finanzas Y Política Económica, 13(1), 77–97. https://doi.org/10.14718/revfinanzpolitecon.v13.n1.2021.4
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Resumen

Este trabajo de investigación pretende comprobar cómo el gasto militar promueve el crecimiento económico y la productividad industrial, como sugiere el postulado militar keynesiano. El método NARDL se emplea para lograr el objetivo anterior en los datos de panel de India, China y Pakistán que cubren el período 1990-2018. El estudio encuentra que el impacto positivo y negativo del gasto militar tiene un efecto positivo y negativo significativo en el crecimiento económico a largo plazo para China e India; sin embargo, en el corto plazo, solo los impactos positivos afectan el crecimiento económico. Por lo tanto, existe un efecto simétrico en el corto plazo y un impacto asimétrico en el largo plazo. Este resultado asimétrico respalda el trabajo del keynesianismo militar, que ayuda a los legisladores a diseñar políticas macroeconómicas adecuadas.

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