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 se...