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The macroeconomic impact of defense expenditure on economic growth of Pakistan: An econometric approach


Haseeb, Muhammad and Abu Bakar, Nor'Aznin and Azam, Muhammad and Hassan, Sallahuddin and Hartani, Nira Hariyatie (2014) The macroeconomic impact of defense expenditure on economic growth of Pakistan: An econometric approach. Asian Social Science, 10 (4). pp. 203-213. ISSN 1911-2017

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Abstract

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

Item Type: Article
Uncontrolled Keywords: defense expenditure, economic growth, ARDL, Pakistan
Subjects: H Social Sciences > HC Economic History and Conditions
Divisions: School of Economics, Finance & Banking
Depositing User: Prof. Madya Dr. Nor Aznin Abu Bakar
Date Deposited: 30 Dec 2014 01:42
Last Modified: 18 Apr 2016 00:57
URI: http://repo.uum.edu.my/id/eprint/12906

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