The paper presents an agent-based simulation model of the defence industry. The model resembles some of the key characteristics of the European defence sector, and studies how firms in this market will respond to the challenges and opportunities provided by a higher degree of openness and...

The paper carries out an empirical analysis of the factors explaining the export performance of firms in the defence sector. We focus on the case of Norway, and make use of two complementary methodologies: the first is based on quantitative firm-level data analysis for the whole population of...

Hoping to contribute to the existing pool of literature, this paper examines the relationship between military expenditure and economic growth in selected Asian countries for the period 1989 to 2004. Our panel unit root test suggests that real GDP per capita and military expenditures are )1(I...

In this study we employ the bounds testing procedure suggested by Pesaran (2001) and dynamic OLS (DOLS) proposed by Stock and Watson (1993) to test the robustness of the causal effect and long-run relationships between military expenditure and economic growth in ASEAN-5 countries from the year...

The comments were offered at an International workshop on Comprehensive human development organized by Insaniya University college and IRTI of IDB on August 18-19, 2009 at Langkawi, Malaysia. The main contribution of the comments are that the construction of human development index is faulty,...

Using human development index of UNDP that the main factors influencing human resource development are the level of per capita income, its rate of growth, state of income distribution, and expenditure on military. HDI tends to lag behind income growth and is inversely related to military...

Based on the annual Human Development Reports of the UNDP, this paper finds that the main determinants of human resource development by the HDI for various economies are usually the level of per capita income, its rate of growth, expenditure on military, and the state of income distribution. It...

Meta analysis is conducted to review 32 empirical studies with 169 estimates to find the combined overall effect of military expenditure on economic growth. Using a meta fixed and random effects and regression analysis, our results show that there exists a "genuine" net effect of military...

This analysis clarifies the ambiguous results from military spending and economic growth literature where the impact of military expenditure is frequently found to be non-significant or negative. Investigation re-examines effects of military spending on growth by analysing this relationship...