The Long-Run Dynamic of the Nexus between Military Strength and National Power: An Econometric Analysis

Table 1

GEEs estimates.

	(1) Initial model	(2) Expanded model	(3) Final model
𝑀	6.74𝑒+01	2.10𝑒+02	7.12𝑒+01
	(2.17)^*	(0.89)	(2.18)^*
𝐸	6.74𝑒+00	1.25𝑒+01	—
	(1.03)	(0.18)
t	—	1.26𝑒−01	—
		(1.27)
𝑡^2	—	−5.12𝑒−04	—
		(1.29)
Mt	—	−2.71𝑒+00	—
		(0.60)
Et	—	−2.88𝑒−01	—
		(0.23)
𝑀𝑡^2	—	1.21𝑒−02	—
		(0.66)
𝐸𝑡^2	—	2.09𝑒−03	8.11𝑒−04
		(0.40)	(2.31)^*
Const	−3.37𝑒+00	−1.08𝑒+01	−3.72𝑒+00
	(4.47)^**	(2.05)^*	(4.36)^**
#obs	291	291	291

z statistics in parentheses; ^*Significant at 5%; ^**Significant at 1%.