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An application of the augmented Solow model to measure the impact of military spending on economic growth in Uganda for the period 1962-2018.
This paper provides a case study of the impact of military spending on economic growth in Uganda using an exogenous dynamic growth model and time-series data over the period 1962-2018. This is achieved by estimating and appraising a sample inclusive of periods not covered in previous studies that re...
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| Format: | Thesis |
| Language: | English |
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School of Economics
2022
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| _version_ | 1867613471213879296 |
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| access_status_str | Open Access |
| author | Abura, Elijah |
| author2 | Nikolaidou, Efi |
| author_browse | Abura, Elijah Nikolaidou, Efi |
| author_facet | Nikolaidou, Efi Abura, Elijah |
| author_sort | Abura, Elijah |
| collection | Thesis |
| description | This paper provides a case study of the impact of military spending on economic growth in Uganda using an exogenous dynamic growth model and time-series data over the period 1962-2018. This is achieved by estimating and appraising a sample inclusive of periods not covered in previous studies that resulted in structural changes to the Ugandan economy such as conflict and currency devaluations. The results indicate that there is a significant negative effect of a military burden on growth in the long run and short-run when aid is not included as an explanatory variable. Foreign aid increases the magnitude of the regression coefficients however there is no evidence that aid increases the military burden. Overall, the ARDL approach to cointegration supports the data and is effective at providing empirical proof to seemingly axiomatic statements on the military spending and growth relationship. |
| format | Thesis |
| id | oai:open.uct.ac.za:11427/35581 |
| institution | University of Cape Town (South Africa) |
| language | eng |
| last_indexed | 2026-06-10T12:36:40.471Z |
| license_str | Not specified — see source repository |
| provenance_str_mv | Harvested via OAI-PMH from UCTD — University of Cape Town Open Access Repository |
| publishDate | 2022 |
| publishDateRange | 2022 |
| publishDateSort | 2022 |
| publisher | School of Economics |
| publisherStr | School of Economics |
| record_format | dspace |
| source_str | UCTD — University of Cape Town Open Access Repository |
| spelling | oai:open.uct.ac.za:11427/35581 An application of the augmented Solow model to measure the impact of military spending on economic growth in Uganda for the period 1962-2018. Abura, Elijah Nikolaidou, Efi Economics This paper provides a case study of the impact of military spending on economic growth in Uganda using an exogenous dynamic growth model and time-series data over the period 1962-2018. This is achieved by estimating and appraising a sample inclusive of periods not covered in previous studies that resulted in structural changes to the Ugandan economy such as conflict and currency devaluations. The results indicate that there is a significant negative effect of a military burden on growth in the long run and short-run when aid is not included as an explanatory variable. Foreign aid increases the magnitude of the regression coefficients however there is no evidence that aid increases the military burden. Overall, the ARDL approach to cointegration supports the data and is effective at providing empirical proof to seemingly axiomatic statements on the military spending and growth relationship. 2022-01-26T09:04:12Z 2022-01-26T09:04:12Z 2021 2022-01-25T08:53:05Z Master Thesis Masters MCom http://hdl.handle.net/11427/35581 eng application/pdf School of Economics Faculty of Commerce |
| spellingShingle | Economics Abura, Elijah An application of the augmented Solow model to measure the impact of military spending on economic growth in Uganda for the period 1962-2018. |
| thesis_degree_str | Master's |
| title | An application of the augmented Solow model to measure the impact of military spending on economic growth in Uganda for the period 1962-2018. |
| title_full | An application of the augmented Solow model to measure the impact of military spending on economic growth in Uganda for the period 1962-2018. |
| title_fullStr | An application of the augmented Solow model to measure the impact of military spending on economic growth in Uganda for the period 1962-2018. |
| title_full_unstemmed | An application of the augmented Solow model to measure the impact of military spending on economic growth in Uganda for the period 1962-2018. |
| title_short | An application of the augmented Solow model to measure the impact of military spending on economic growth in Uganda for the period 1962-2018. |
| title_sort | application of the augmented solow model to measure the impact of military spending on economic growth in uganda for the period 1962 2018 |
| topic | Economics |
| url | http://hdl.handle.net/11427/35581 |
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