Defense Expenditures and Economic Performance in South Asia: Tests of Causality and Interdependence

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Authors
Looney, Robert E.
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Date of Issue
1991
Date
1991
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Abstract
The growth in world military expenditure is the supreme paradox of our age. While it is reasonable and prudent for a nation to make provision for security against external threats, one nation's security is likely to be another's insecurity. As a result, particularly in an atmosphere of hostility and suspicion, military expenditure assumes a competitive dynamic. The net result is a reduction in security for all nations. The realization that this bizarre process consumes huge quantities of resources with high opportunity cost in terms of the possibility of achieving higher standards of living is only slightly less disquieting (Treddenick, 1985: 77).
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Article
Description
Conflict Management and Peace Science, 1991.
Refereed Journal Article
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Citation
Looney, R.E., "Defense Expenditures and Economic Performance in South Asia: Tests of Causality and Interdependence,” Conflict Management and Peace Science, 1992, Volume 11, No. 2, pp. 37-67
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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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