Probability Distribution of Military Expenditure

Result code in IS VaVaI
<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F60162694%3AG42__%2F18%3A00536062" target="_blank" >RIV/60162694:G42__/18:00536062 - isvavai.cz</a>
Result on the web
<a href="https://mme2018.fm.vse.cz/" target="_blank" >https://mme2018.fm.vse.cz/</a>
DOI - Digital Object Identifier
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Result language
angličtina
Original language name
Probability Distribution of Military Expenditure
Original language description
The contribution deals with modeling of probability distribution of military expenditure. Analysis of relationship between military expenditure and other macroe- conomic variables is topical in the defense economic literature. For this purpose, var- ious models such as vector autoregressive, error correction or panel data models are applied. The probability distribution of analyzed variables can significantly influence the performance of estimated models. The aim of this paper is to find an appropri- ate probability distribution for data describing military expenditure per capita in the years 1993-2016. The statistical analysis involves data of 115 countries. The authors focus mainly on a normal, lognormal, gamma and Weibull distribution. The quality of a distribution fit is based on comparison of an empirical and a theoretical cumula- tive distribution function and is tested by Anderson-Darling, Cramer-von Mises and Kolmogorov-Smirnov test. In addition to the type of distribution, the development (changes) of the parameters estimates is discussed and the most sensitive test statis- tics is suggested. The authors compared the quantiles of the estimated probability distributions as potential risk indicators.
Czech name
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Czech description
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Publication year
2018
Confidentiality
S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů

Article name in the collection
MATHEMATICAL METHODS IN ECONOMICS (MME 2018)
ISBN
978-80-7378-372-3
ISSN
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e-ISSN
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Number of pages
6
Pages from-to
585-590
Publisher name
MatfyzPress, Publishing House of the Faculty of Mathematics and Physics Charles University
Place of publication
Praha, Czech Republic
Event location
Jindřichův Hradec
Event date
Sep 12, 2018
Type of event by nationality
EUR - Evropská akce
UT code for WoS article
000507455300101

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