Pakistan: Defense Expenditures and External Debt: Patterns of Causation and Constraint
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Increasing attention is being focused on the role of military expenditures in contributing to the external indebtedness of developing countries. Unfortunately, given the fungibility of funds, it is often difficult to find clear, statistically significant relationships between increases in defense expenditures and the subsequent expansion of foreign liabilities.
Rivista Internazionale di Scienze Economiche e Commerciali, vol. 42, no. 7-8, July/August 1995.Refereed Journal Article
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