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

Muhammad Ather; Amjad Ali

Authors

Muhammad Ather
Amjad Ali

Keywords:

defense expenditure, economic growth, 2SLS, Pakistan

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.

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How to Cite

Impact of Defense Expenditure on Economic Growth: Time Series Evidence from Pakistan. (2015). Global Journal of Management and Business Research, 14(B9), 27-31. https://journalofbusiness.org/index.php/GJMBR/article/view/1516

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References

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