Defense Expenditures and Macroeconomic Stabilization in Pakistan: A Test of the Military Keynesianism Hypothesis
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Authors
Looney, R.E.
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Date of Issue
1998
Date
1998
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Abstract
Perhaps because of Pakistan's (Henderson, 1993) pursuit of nuclear
capability, increased attention has focused on that country's pattern of
defense expenditures. Because of the high proportion of the budget devoted
to defense, the economic impact of these expenditures has also been of
concern. How rapidly do Pakistani defense expenditures respond to increased
Indian allocations to the military? Are the opportunity costs (in terms of
foregone output and income) likely to constrain that country's military
budget?
Type
Article
Description
Rivista Internazionale di Scienze Economiche e Commerciali, September 1998.
Refereed Journal Article
Refereed Journal Article
Series/Report No
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Citation
Looney, R.E., "Defense Expenditures and Macroeconomic Stabilization in Pakistan: A Test of the Military Keynesianism Hypothesis," Rivista Internazionale di Scienze Economiche e Commerciali, September 1998, Volume 45, pp. 599-613
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This publication is a work of the U.S. Government as defined in Title 17, United States Code, Section 101. Copyright protection is not available for this work in the United States.