Economic Growth and Military Spending in China: Implications for International Security

The relationship between economic growth and military spending in China is examined. An empirical model of China's military spending is introduced that is consistent with economic and international political science theories. The findings reveal a positive relationship between military spending...

Full description

Saved in:
Bibliographic Details
Published in:International journal of political economy 2013-07, Vol.42 (2), p.88-100
Main Author: Atesoglu, H. Sonmez
Format: Article
Language:English
Subjects:
Asia
China
China (People's Republic)
Defense spending
dominant regional power
Economic development
Economic growth
Economic models
India
International security
Japan
military spending
National security
Political economy
Political power
Political science
Russian Federation
Studies
United States
Citations: Items that this one cites
Online Access:Get full text
Tags: Add Tag
No Tags, Be the first to tag this record!
Description
Summary:The relationship between economic growth and military spending in China is examined. An empirical model of China's military spending is introduced that is consistent with economic and international political science theories. The findings reveal a positive relationship between military spending and economic growth. The results are suggestive of the view that China is on the way to becoming the dominant regional power in Asia. Results further indicate that while China's military spending is affected by the military spending of India and Russia, it is not affected by that of Japan or the United States. Long-term forecasts made employing the empirical military spending model for China introduced in this paper, conditional on the assumptions made about the future values of the explanatory variables and the empirical model employed indicate that China is likely to be the dominant regional power in Asia.
ISSN:0891-1916
1558-0970
DOI:10.2753/IJP0891-1916420204