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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?
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Rivista Internazionale di Scienze Economiche e Commerciali, September 1998.
Refereed Journal Article
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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.
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