2014
DOI: 10.5539/ass.v10n4p203
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The Macroeconomic Impact of Defense Expenditure on Economic Growth of Pakistan: An Econometric Approach

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 Pakis… Show more

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Cited by 16 publications
(12 citation statements)
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“…For instance, financial crisis is largely linked with rapid and consistent decrease in output level (IMF, 2009;Cerra & Saxena, 2008). Banking sector insolvency in-fact is the major cause to originate crises (Haseeb, Azam, Hassan & Hartani, 2014;Samad, 2014;Kaminsky & Reinhart, 1999). Reinhart & Rogoff (2010) noticed that assets markets collapse, government debts and a consistent fall in output and employment are the basic reason of economic crises.…”
Section: Literature Reviewmentioning
confidence: 99%
“…For instance, financial crisis is largely linked with rapid and consistent decrease in output level (IMF, 2009;Cerra & Saxena, 2008). Banking sector insolvency in-fact is the major cause to originate crises (Haseeb, Azam, Hassan & Hartani, 2014;Samad, 2014;Kaminsky & Reinhart, 1999). Reinhart & Rogoff (2010) noticed that assets markets collapse, government debts and a consistent fall in output and employment are the basic reason of economic crises.…”
Section: Literature Reviewmentioning
confidence: 99%
“…This study uses the regime switching framework for Pakistan analysing the periods 1973 to 2014. The association between military spending and economic growth got much care in recent years (Anwar et al, 2012;Shahbaz et al, 2012;Haseeb et al 2014). It is noteworthy that most of the studies relating to Pakistan assumed linear relationship and constant parameters.…”
Section: Introductionmentioning
confidence: 99%
“…Now in this time there is no accord with researches regarding direct link among CSR and brand loyalty. This task of CSR influence customer conduct is very difficult direct link conceptualized past (Klein & Dawar, 2004;Abidin et al, 2016;Azam et al, 2016;Haseeb et al, 2014a;Haseeb et al, 2014b). While the dimensions of CSR are many of constructs, but it is still needed that to identify contrast how every constructs CSR issue proposed by consumers.…”
Section: Introductionmentioning
confidence: 99%