Fundamental Management Journal
Vol. 7 No. 2 (2022): ISSN: 2540-9816 (print) 2540-9220 (online) Volume:7 No.2 Oktober 2022

Model Matematika Struktural untuk Pertumbuhan Ekonomi dengan Anggaran Pertahanan Sebagai Variabel Endogen

Johnson Kennedy, Posma Sariguna (Unknown)



Article Info

Publish Date
26 Oct 2022

Abstract

In this paper, “a structural mathematical model is made that explains how the variables of economic growth, defence budget, and investment simultaneously interact with one another. The simultaneous equation developed in this study consists of four structural equations: the relationship between defence spending with economic growth, relations with investment, relations with education, and the endogeneity of military expenditures. This equation, there is indicated a simultaneous system of four endogenous variables. The economic growth equation is used as an identity equation, and the defence budget in which there are traditional threat variables defined as autonomous to see the effect of crossing over on economic growth, investment and education budget.Keywords: Structural Mathematical Model, Simultaneous Equations, Economic growth, Economic Defense, Traditional Threats

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Journal Info

Abbrev

jm

Publisher

Subject

Decision Sciences, Operations Research & Management

Description

The Fundamental Management Journal provides a valuable outlet for basic research on management and economic-orientated themes and topics. It publishes articles of a multi-disciplinary and interdisciplinary nature as well as empirical research from within traditional disciplines and managerial ...