Military expenditure and economic growth in south asia
Cooperation for a Peaceful and Sustainable World Part 2
ISBN: 978-1-78190-655-2, eISBN: 978-1-78190-656-9
Publication date: 30 December 2013
Abstract
In this study, we empirically investigate the effect of military expenditure on economic growth in the five South Asian countries of Bangladesh, India, Pakistan, Nepal, and Sri Lanka over the period of 1990–2006. By applying a Solow Growth Model, empirical evidences derived from panel estimation methods indicate that defense has a negative effect on economic growth in the region.
Acknowledgements
Acknowledgments
This chapter is supported by Leading Academic Discipline Program, “211 Project for Central University of Finance and Economics (the 4rd phase).”
Citation
Na, H. and Bo, C. (2013), "Military expenditure and economic growth in south asia", Cooperation for a Peaceful and Sustainable World Part 2 (Contributions to Conflict Management, Peace Economics and Development, Vol. 20 Part 2), Emerald Group Publishing Limited, Leeds, pp. 213-223. https://doi.org/10.1108/S1572-8323(2013)00020.2016
Publisher
:Emerald Group Publishing Limited
Copyright © 2013 Emerald Group Publishing Limited