Military Expenditure And Economic Growth: A Case Study Of Sub-saharan African Countries (1986-2014)

ABSTRACT               This study contributed to the debate on the relationship between military expenditure and economic growth in less-developed economies by investigating the trend; causal relationship and the effect of military expenditure on economic growth in five selected sub-Sahara African Countries namely:- Angola, Cameroon, Kenya, Nigeria and South-Africa; for the period 1986 to 2014.                The study employed the Error Correction Mechanism (ECM) using time series data to analyze the effect of military expenditure on economic growth. Granger causality test was used to analyze…