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- W3149433887 abstract "This study aims to analyze the relationship between defense expenditure and growth of the economy in Sri Lanka applying annual data during the period between 1990-2019 by engaging the ARDL bounds test and the Granger causality test. Economic growth is considered as a dependent variable whereas; defense expenditure, broad money supply, capital investment and exchange rate are considered as independent variables for this study. The findings revealed that defense spending has a significant and positive effect on economic growth in the long- run. Exchange rate, capital investment and broad money supply have a significant and positive influence in the short-run and long-run. Further, the output of the Granger causality confirms the one-way association between the growth of the economy and defense expenditure. The study suggests that government should concentrate more on human capital development rather than spending on defense." @default.
- W3149433887 created "2021-04-13" @default.
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- W3149433887 date "2021-03-19" @default.
- W3149433887 modified "2023-09-25" @default.
- W3149433887 title "THE IMPACT OF NATIONAL DEFENSE EXPENDITURE ON GROWTH OF ECONOMY IN SRI LANKA" @default.
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- W3149433887 doi "https://doi.org/10.29121/granthaalayah.v9.i3.2021.3710" @default.
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