Time-varying effects of U.S. military expenditure on economic growth: a disaggregated data analysis
Journal: Humanities and Social Sciences Communications
Year: 2025

Abstract Much of the literature on the relationship between military expenditure and economic growth overlooks the effects of military expenditure composition on the economy. This study examines the time-varying effects of U.S. military expenditure on U.S. economic growth based on disaggregated data using the maximum entropy bootstrap method, which not only accounts for variability but also yields more efficient and robust results from small samples compared to conventional inferences based on a