A DYNAMIC PANEL DATA MODEL FOR ANALYZINGTHE RELATIONSHIP BETWEEN MILITARY EXPENDITURE AND ECONOMIC GROWTH AND POPULATION IN 54 LESS DEVELOPED COUNTRIES.
- College of Financial & Administration-Department of Accounting & IT, Cihan University/ Sulaiymani, Kurdistan Region Government/Iraq.
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Several alarming and largely ignored trends in the structure and size and of military spending of less developed countries (LDCs) have appeared during the past five decades. This study analyses the defense-growth relationship for 54 developing economies by using cross-section data such as random effect, fixed effect and system GMM model. The empirical results, bearing in mind the possible inaccuracies of the data set and given the chosen model, suggest that defence spending has a positive relationship with both the rate of economic growth and population in the sample countries.
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[Masoud Ali Khalid. (2017); A DYNAMIC PANEL DATA MODEL FOR ANALYZINGTHE RELATIONSHIP BETWEEN MILITARY EXPENDITURE AND ECONOMIC GROWTH AND POPULATION IN 54 LESS DEVELOPED COUNTRIES. Int. J. of Adv. Res. 5 (1). 986-992] (ISSN 2320-5407). www.journalijar.com
Article DOI: 10.21474/IJAR01/2841 DOI URL: http://dx.doi.org/10.21474/IJAR01/2841
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