| ID | 107554 |
| Title Proper | Military spending and economic growth in South Asia |
| Other Title Information | a panel data analysis |
| Language | ENG |
| Author | Wijeweera, Albert ; Webb, Matthew J |
| Publication | 2011. |
| Summary / Abstract (Note) | Despite the large number and variety of studies addressing the relationship between military spending and economic growth, a consensus regarding the exact nature of any relationship between the two has proven elusive. This study uses a panel co-integration approach to examine the relationship between military spending and economic growth in the five South Asian countries of India, Pakistan, Nepal, Sri Lanka and Bangladesh over the period of 1988-2007. It finds that a 1% increase in military spending increases real GDP by only 0.04%, suggesting that the substantial amount of public expenditure that is currently directed towards military purposes in these countries has a negligible impact upon economic growth. |
| `In' analytical Note | Defence and Peace Economics Vol. 22, No.5; Oct 2011: p.545-554 |
| Journal Source | Defence and Peace Economics Vol. 22, No.5; Oct 2011: p.545-554 |
| Key Words | Military Spending ; Panel Co - Integration ; South Asian Countries ; Economic Growth |