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

Table 2

Temporal change in the importance of the military and economic capabilities to national power.

Year	𝑎𝑀(𝑡)	𝑎𝐸(𝑡)	𝑅(𝑡)
1820	71.2	.325	219
1840	71.2	1.3	54.8
1860	71.2	2.92	24.4
1880	71.2	5.19	13.7
1900	71.2	8.11	8.77
1920	71.2	11.7	6.09
1940	71.2	15.9	4.48
1960	71.2	20.8	3.43
1980	71.2	26.3	2.71
2000	71.2	32.5	2.19
2920	71.2	39.3	1.81
2940	71.2	46.7	1.52
2960	71.2	54.8	1.30
2980	71.2	63.6	1.12
2100	71.2	73.0	0.97

𝑎_𝑀(𝑡) and 𝑎_𝐸(𝑡) = importance of 𝑀 and 𝐸, 𝑎_𝑀(𝑡)/𝑎_𝐸(𝑡) = comparative importance of 𝑀 and 𝐸.