The Macroeconomic Impact of Defense Expenditure on Economic Growth of Pakistan: An Econometric Approach

Autor:	Nira Hariyatie Hartani, Muhammad Haseeb, Sallahuddin Hassan, Muhammad Azam, Nor'Aznin Abu Bakar
Rok vydání:	2014
Předmět:	Macroeconomics Economic growth Negative relationship General Arts and Humanities Economics General Social Sciences Time series General Economics Econometrics and Finance
Zdroj:	Asian Social Science. 10
ISSN:	1911-2025 1911-2017 1980-2013
DOI:	10.5539/ass.v10n4p203
Popis:	The broad objective of the present study is to examine whether a long run relationship between defense expenditure and economic growth of Pakistan exist. For empirical investigation, an annual time series data over the period from 1980-2013, and ARDL was used. The empirical results support the existence of long run negative relationship between defense expenditure and economic growth. The results for long run negative relationship between defense expenditure and economic growth was suggested just in case Pakistan MKH does not hold during the period under study. The findings further suggested that the policy makers need to formulate appropriate policy to encourage and not to discourage the economic growth and development of Pakistan.
Databáze:	OpenAIRE
Externí odkaz:	https://explore.openaire.eu/search/publication?articleId=doi_________::3830cbc6a75e4d3df2733bd15724a351 https://doi.org/10.5539/ass.v10n4p203 Zobrazit plný text záznamu