Khilji, Nasir M.; Mahmood, Akhtar - In: The Pakistan Development Review 36 (1997) 4, pp. 791-808
This paper explores the impacts of defence expenditures on economic growth and other major economic variables in the Pakistan economy over the period 1972-1995. The results of Granger-causality tests show that there is bi-directional feedback between the defence burden and GDP growth. We test...