Soft modeling of military expenditure, income inequality, and profit rate, 1988-2008
Küçük Resim Yok
Tarih
2021
Yazarlar
Dergi Başlığı
Dergi ISSN
Cilt Başlığı
Yayıncı
Walter de Gruyter GmbH
Erişim Hakkı
info:eu-repo/semantics/closedAccess
Özet
This paper investigates the nexus of military expenditure, income inequality, and profit rate, applying the non-parametric technique of Partial Least Squares PathModeling (PLS-PM) to 21 countries for 1988-2008. The findings suggest that military expenditure has a positive effect on income inequality while income inequality has a positive impact on profit rate. In contrast, military expenditure has a (relatively small) positive effect on profit rate. However, these results change significantly once unobserved heterogeneity is considered. Accordingly, based on four segments, although the positive effect of income inequality on profit rate remains the same for each segment, for some segments, the effect of military expenditure on income inequality and profit rate become negative.
Açıklama
Anahtar Kelimeler
Military Expenditure, Income Inequality, Profit, Soft Modeling, Non-Parametric Estimation, Partial Least Squares Path Modeling
Kaynak
Peace Economics Peace Science and Public Policy
WoS Q Değeri
Q2
Scopus Q Değeri
Q2
Cilt
27
Sayı
3