Military expenditures and quality of life in ASEAN: exploring the unexplored

Muhammad Tahir, Muhammad Mumtaz Khan, Imran Naseem, Syed Afzal Moshadi Shah and Arshad Hayat

International Journal of Social Economics, 2021, vol. 49, issue 2, 176-189

Abstract: Purpose - Improving the quality of life of the masses is the prime objective of all policymakers of both developed and developing countries. However, the determinants of improved quality of life are not well explored in the empirical literature. This study has, therefore, tried to identify the determinants of quality of life by focusing on military expenditures. Design/methodology/approach - Panel data from 1990 to 2017 are collected from internationally reliable sources for the Association of Southeast Asian Nation (ASEAN hereafter) member countries, and suitable econometric techniques are employed to estimate the designed models. Findings - The results show that military expenditures have affected the quality of life of the ASEAN member countries both negatively and significantly. Similarly, the inflation rate has also negatively affected the quality of life. In terms of magnitude, the negative impact of the inflation rate on quality of life has exceeded than the impact of military expenditures. On the other hand, trade openness, per capita income, urbanization and government expenditures have played a positive and significant role in improving the quality of life in the ASEAN region. Moreover, it is found that the positive impact of per capita income on quality of life is highest among other determinants. Originality/value - This study provided comprehensive evidence about the relationship between military expenditures and quality of life in the ASEAN context. Consequently, the ASEAN member economies will benefit a lot from the results of this study.

Keywords: Military expenditures; Quality of life; Panel data; ASEAN; Trade openness (search for similar items in EconPapers)
Date: 2021
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Persistent link: https://EconPapers.repec.org/RePEc:eme:ijsepp:ijse-03-2021-0150

DOI: 10.1108/IJSE-03-2021-0150

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