Economic growth and defense spending: evidence on causality for selected Asian countries
Abstract
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.
Description
An earlier version of this paper was presented in 1989 atthe Institute for Strategic and
International Studies.