Impact of Defense Expenditure on Economic Growth: Time Series Evidence from Pakistan
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
Muhammad Ather, & Amjad Ali. (2014). Impact of Defense Expenditure on Economic Growth: Time Series Evidence from Pakistan. Global Journal of Management and Business Research, 14(B9), 27–31. Retrieved from https://journalofbusiness.org/index.php/GJMBR/article/view/1516
Published
2014-05-15
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Copyright (c) 2014 Authors and Global Journals Private Limited
This work is licensed under a Creative Commons Attribution 4.0 International License.