Author： Alexander W. Robert J.
Publisher： Routledge Ltd
ISSN： 1024-2694
Source： Defence and Peace Economics, Vol.24, Iss.2, 2013-04, pp. : 173-178
Disclaimer: Any content in publications that violate the sovereignty, the constitution or regulations of the PRC is not accepted or approved by CNPIEC.
Abstract
In a recent paper in this journal, Wijewerra and Webb study the connection between military spending and gross domestic product (GDP) in a group of five South Asian countries, finding a small but statistically significant positive relationship between military spending and GDP. This paper reviews their approach and proposes an alternative which tries to deal with the problems of omitted variables and variable construction. It finds, in contrast, that a higher share of military spending in GDP is associated with lower growth of GDP per capita.
Related content
MILITARY SPENDING AND ECONOMIC GROWTH IN SOUTH ASIA: A REPLY
Defence and Peace Economics, Vol. 24, Iss. 2, 2013-04 ,pp. :
Access to resources
Recommend
Military Spending and Economic Growth: The Case of Iran
Defence and Peace Economics, Vol. 25, Iss. 3, 2014-05 ,pp. :
ARMS TRADE, MILITARY SPENDING, AND ECONOMIC GROWTH
Defence and Peace Economics, Vol. 18, Iss. 4, 2007-08 ,pp. :