EconPapers    
Economics at your fingertips  
 

The Impact of Military Expenditures on Economic Growth of Pakistan

Muhammad Ajmair, Khadim Hussain, Faisal Abbassi () and Misbah Gohar

Applied Economics and Finance, 2018, vol. 5, issue 2, 41-48

Abstract: The purpose of this research paper is to examine the long run relationship between military expenditure, number of persons in military and economic growth. To fulfill this, the study used ARDL approach for annual time series data from 1990 to 2015. The results show that Pakistan military expenditures are insignificant (military burden for the country is statically insignificant) and number of persons in military are positively and significantly related with GDP growth in long run. The error correction term is negative and significant which shows that short run relationship exists among economic growth, military expenditures and number of army persons. In short run military expenditure and number of persons in military are positively and significantly related with GDP growth but in long run only number of military persons affects economic growth positively and significantly.

Keywords: military expenditure; economic growth; ARDL; error correction term (search for similar items in EconPapers)
JEL-codes: R00 Z0 (search for similar items in EconPapers)
Date: 2018
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (4) Track citations by RSS feed

Downloads: (external link)
http://redfame.com/journal/index.php/aef/article/view/2932/3085 (application/pdf)
http://redfame.com/journal/index.php/aef/article/view/2932 (text/html)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:rfa:aefjnl:v:5:y:2018:i:2:p:41-48

Access Statistics for this article

More articles in Applied Economics and Finance from Redfame publishing Contact information at EDIRC.
Bibliographic data for series maintained by Redfame publishing ().

 
Page updated 2020-06-24
Handle: RePEc:rfa:aefjnl:v:5:y:2018:i:2:p:41-48