Statistical analysis of the relationship between the defense burden and the economic growth of the Republic of Korea.
Kim, Yong Chan
Owens, Joseph F.
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This study concerns the relationship between defense expenditures and economic growth between 1961 and 1976 in the Republic of Korea. The chief emphasis is on statistical and economic analysis of the relationships between the defense burden (defense expenditures as a percent of GNP) and the GNP growth rate (rate of change in 1970 constant value of GNP). Also considered is the effects of investment rates, foreign aid receipts, and other economic variables concerning this relationship.
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