This article undertakes an empirical analysis of the determinants of defense spending in post-liberation Bangladesh. Based on a reduced form approach, a time series regression analysis was conducted encompassing data for 1972-1998. The statistical results reveal some important observations,...

As South Korea has greatly suffered from the 1997 balance-of-payments crisis, many critics have blamed foreign investors for the economic crisis in the country. Foreign investors who suddenly became pessimistic about the South Korean economy and left the South Korean market are considered to...