| ID | 092941 |
| Title Proper | Military spending and economic growth in Sri Lanka |
| Other Title Information | a time series analysis |
| Language | ENG |
| Author | Wijeweera, Albert ; Webb, Matthew J |
| Publication | 2009. |
| Summary / Abstract (Note) | In this paper, we employ a VAR analysis to examine the nexus between military spending and economic growth in Sri Lanka which, due to the civil war there, has witnessed a significant increase in military spending over the last three decades while also recording healthy economic growth. The study finds that, compared with non-military spending, military spending exerts only a minimal positive impact on real GDP. Over a 10-year period, a 1% increase in non-military spending increases GDP by 1.6%. In contrast, military spending only increases GDP by 0.05%, suggesting that the economic benefits for Sri Lanka from a sustained peace may be considerable. |
| `In' analytical Note | Defence and Peace Economics Vol. 20, No. 6; Dec 2009: p.499 - 508 |
| Journal Source | Defence and Peace Economics Vol. 20, No. 6; Dec 2009: p.499 - 508 |
| Key Words | Military Spending ; Sri Lanka ; Economic Growth ; VAR Analysis |