Impact of Defense Expenditure on Economic Growth: Time Series Evidence from Pakistan

Impact of Defense Expenditure on Economic Growth: Time Series Evidence from Pakistan

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Muhammad Ather

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Amjad Ali

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α Karakoram International University

Impact of Defense Expenditure on Economic Growth: Time Series Evidence from Pakistan

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Abstract

This paper investigates the impact of defense burden on economic growth in Pakistan economy over the period 1980-2013. A three equations model is estimated through two stage least square (2SLS) method in order to investigate the direct and indirect impact of defense burden on economic growth. The findings of the model show that defense expenditure directly as well as indirectly retard economic growth in Pakistan.

References

8 Cites in Article

Reference Format

Emile Benoit (1978). Growth and Defense in Developing Countries.
S Blomberg,Brock (1996). Growth, Political Instability, and Defense Burden.
Steve Chan (1988). Defense Burden and Economic Growth: Unraveling the Taiwanese Enigma.
Abdur Chowdhury (1991). A Causal Analysis of Defense Spending and Economic Growth.
S Degar (1986). Economic Development and Defense Expenditure.
Degar Smith,R (1983). Military Expenditure and Growth in Less Developed Countries.
M Khiliji,A Mehmoo (1997). Military Expenditure and Economic Growth in Pakistan.
Bruce Russett (1982). Defense Expenditures and National Well-being.

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Funding

No external funding was declared for this work.

Conflict of Interest

The authors declare no conflict of interest.

Ethical Approval

No ethics committee approval was required for this article type.

Data Availability

Not applicable for this article.

How to Cite This Article

Muhammad Ather. 2015. \u201cImpact of Defense Expenditure on Economic Growth: Time Series Evidence from Pakistan\u201d. Global Journal of Management and Business Research - B: Economic & Commerce GJMBR-B Volume 14 (GJMBR Volume 14 Issue B9): .

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GJMBR Volume 14 Issue B9
Pg. 27- 31

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Journal Specifications

Crossref Journal DOI 10.17406/GJMBR

Print ISSN 0975-5853

e-ISSN 2249-4588

Keywords

2SLS defense expenditure Economic Growth Pakistan

Submission ReceivedDecember 6, 2013
Peer Review Double Blind
Handling Editor
Accepted January 5, 2014
Published January 15, 2014

Version of record

v1.2

Issue date

January 17, 2015

Language

en

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Article Matrices

Total Score: 102

Country: Pakistan

Subject: Global Journal of Management and Business Research - B: Economic & Commerce

Authors: Amjad Ali, Muhammad Ather (PhD/Dr. count: 0)

View Count (all-time): 170

Total Views (Real + Logic): 4338

Total Downloads (simulated): 2260

Publish Date: 2015 01, Sat

Monthly Totals (Real + Logic):

Month 1: 55 views
Month 2: 27 views
Month 3: 53 views
Month 4: 26 views
Month 5: 40 views
Month 6: 49 views
Month 7: 28 views
Month 8: 35 views
Month 9: 49 views
Month 10: 22 views
Month 11: 26 views
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Month 13: 32 views
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Month 15: 42 views
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Month 134: 53 views
Month 135: 60 views
Month 136: 40 views

Total Views: 4338

Total Downloads: 2260

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Published Article

This paper investigates the impact of defense burden on economic growth in Pakistan economy over the period 1980-2013. A three equations model is estimated through two stage least square (2SLS) method in order to investigate the direct and indirect impact of defense burden on economic growth. The findings of the model show that defense expenditure directly as well as indirectly retard economic growth in Pakistan.

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