Egypt's Military Spending Not Boosting Economy, Shift Resources Urged
The study looked at how military spending affects economic growth in Egypt from 1980 to 2019. They found that military spending doesn't directly cause economic growth, but economic growth does lead to more military spending. Also, fixed capital (like buildings and machinery) influences military spending, but military spending doesn't affect fixed capital. Lastly, fixed capital impacts economic growth, but economic growth doesn't impact fixed capital. The researchers suggest that Egypt should distribute its resources wisely to boost economic growth and use resources efficiently.