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. We do so by analyzing Pakistan's National Savings Scheme (NSS). The NSS has a number of unusual attributes, and its … impact upon the economy of Pakistan is not clear. Given Pakistan's chronic difficulties with the public sector deficit, the … the relationship between the demands for NSS deposits and various other financial instruments in Pakistan. In particular …
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The diversion of development aid to the recipient's military may be one explanation why aid is often found to be ineffective in promoting economic growth and development. Previous studies have not derived the causal effects of development aid on military expenditure. Using a new instrumental...
Persistent link: https://www.econbiz.de/10011539046
The diversion of development aid to the recipient’s military may be one explanation why aid is often found to be ineffective in promoting economic growth and development. Previous studies have not derived the causal effects of development aid on military expenditure. Using a new instrumental...
Persistent link: https://www.econbiz.de/10011542201
This paper re-examines the causal impact of military expenditure on growth in the presence of internal and external threats for the period 1990-2013 using data from 70 developing countries. We find that differences in methods, model specifications, and the underlying estimation sample partly...
Persistent link: https://www.econbiz.de/10011474478
Using a new instrumental variable strategy, we examine whether bilateral development aid increases military expenditure in recipient countries. The instrument is the interaction of donor government fractionalization and the probability of receiving aid. The dataset includes new data on military...
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