Wijeweera, Albert; Webb, Matthew - In: Defence and Peace Economics 20 (2009) 6, pp. 499-508
In this paper, we employ a VAR analysis to examine the nexus between military spending and economic growth in Sri Lanka … GDP by 1.6%. In contrast, military spending only increases GDP by 0.05%, suggesting that the economic benefits for Sri … Lanka from a sustained peace may be considerable. …