This study especially concerns the causal relationship between official defense expenditure and economic development for mainland China from 1953 to 2007 by employing a combination of VAR models and the Granger Causality Test. The final conclusions are diverse in varied time periods where no...

In this study, we empirically investigate the effect of military expenditure on economic growth in the five South Asian countries of Bangladesh, India, Pakistan, Nepal, and Sri Lanka over the period of 1990–2006. By applying a Solow Growth Model, empirical evidences derived from panel...