Makaleler     Dergiler     Kitaplar    

Journal of Economic and Social Studies

Yıl 2013 , Cilt 3 , Sayı 2

Makale özeti ve diğer detaylar.

Makale özeti
Başlık :

Impact of military expenditure and economic growth on external debt: new evidence from a panel of saarc countries

Yazar kurumları :
COMSATS Institute of Information Technology1, Bahria University2
Görüntülenme :
123
DOI :
Özet Türkçe :

This paper examines the impact of military expenditure and economic growth on external debt for a panel of five selected sAArccountries including Bangladesh, India, nepal, Pakistan and srilanka, over the period of 1988-2008. using Pedroni’s (2004) test for panel cointegration, it was found that there is a long-run relationship between external debt, economic growth and military expenditure. The study finds that external debt is elastic with respect to military expenditure in the long run and inelastic in the short run. In the long run, 1% increase in military expenditure increase external debt between 1.18 % and 1.24%, while 1% increases in economic growth reduce external debt between 0.64% and 0.79%, by employed dolsand fMolsestimator respectively. In the short run, 1% increase in military expenditure increases external debt by 0.15%, while 1% increase in economic growth reduces external debt by 0.47 %.

Anahtar kelimeler :
Özet İngilizce :

Tam metin (Türkçe) :
Paylaş :
Benzer Makaleler
Yorum Yap
  • Adınız :
  • Güvenlik Kodu :
  • Yorum :