Bitte verwenden Sie diesen Link, um diese Publikation zu zitieren, oder auf sie als Internetquelle zu verweisen: https://hdl.handle.net/10419/188266 
Erscheinungsjahr: 
2016
Quellenangabe: 
[Journal:] Pakistan Journal of Commerce and Social Sciences (PJCSS) [ISSN:] 2309-8619 [Volume:] 10 [Issue:] 3 [Publisher:] Johar Education Society, Pakistan (JESPK) [Place:] Lahore [Year:] 2016 [Pages:] 525-546
Verlag: 
Johar Education Society, Pakistan (JESPK), Lahore
Zusammenfassung: 
Defense spending is a multifaceted phenomenon. In recent years, economists and policy makers have been interested in the explanation of the relationship between defense spending and macroeconomic variables especially growth. This study explores the connection between defense outlays and growth in two neighboring but hostile countries i.e. Pakistan and India by applying GMM technique to Deger-type model. The findings of study for Pakistan reveal that the net effect of defense spending is positive while for India it turns out to be negative. It means that the defense sector in Pakistan fosters the economic growth via aggregate demand and modernization effects. For India, defense sector is hampering growth due to reallocation of resources and creation of new resources arguments.
Schlagwörter: 
defense expenditures
economic growth
deger-type analysis
GMM approach
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