Economic growth and defense spending: evidence on causality for selected Asian countries
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In the last decade increasing attention has been focused on the role of military expenditures in developing countries. One reason for this is that world military expenditures in 1987 exceeded one trillion US dollars for the very first time; developing countries accounted for approximately 17 percent of this total.
An earlier version of this paper was presented in 1989 atthe Institute for Strategic and International Studies.