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- W2893986920 abstract "Governments in most of the nations aim to fulfil their requirements and protect themselves with the necessities of public life from the external threats, and also try to separate a significant portion for defense-related spending from the budget. But the impact of defense expenditures on economic growth is not apparent. It deserves an empirical investigation to explore the external effect of defense spending on the economic performance of the country. The authors choose six SAARC countries, namely Afghanistan, Bangladesh, India, Nepal, Pakistan, and Sri Lanka, where defense-related issues regarding internal security as well as external relationships with neighbor countries are the most significant to examine the relationship between defense expenditures and economic performance measured by GDP growth. The method of GMM estimation is applied in a dynamic panel structure of selected countries over the period 1970-2016. Empirical findings show that, besides some possible factors, defense spending has a positive and significant impact on economic growth in SAARC member nations." @default.
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- W2893986920 date "2018-01-01" @default.
- W2893986920 modified "2023-09-23" @default.
- W2893986920 title "Defense Expenditure and Economic Performance in SAARC Countries" @default.
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- W2893986920 doi "https://doi.org/10.4018/978-1-5225-4778-5.ch003" @default.
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