MILITARY-GROWTH CORRELATION: NEW EVIDENCE FROM DEVELOPING COUNTRIES
MILITARY-GROWTH CORRELATION: NEW EVIDENCE FROM DEVELOPING COUNTRIES
Author(s): Masoud Ali Khalid, Twana N. Mohamad KhanSubject(s): Education, General Reference Works, Business Economy / Management
Published by: Regional Department of Defense Resources Management Studies
Keywords: Military expenditure; Economic growth; Developing countries; and Pooled Regression Model;
Summary/Abstract: It is generally believed that high levels of military expenditures hamper economic growth because it crowds out investment. In this study, we investigate how defense spending affects economic growth in the 50 developing countries over the period 2010 to 2016. The results reveal that there is a positive and significant relationship between defense spending and economic growth in the developing countries. It means that, when economic growth, it encourages military sector to spend more, and also the population is directly related to economic growth, meaning that when population increase, it rises military expenditure in the developing countries.
Journal: Journal of Defense Resources Management (JoDRM)
- Issue Year: 12/2021
- Issue No: 2
- Page Range: 97-108
- Page Count: 12
- Language: English
