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Do defense expenditures augment economic growth in Pakistan and India? : a Deger-type analysis using GMM approach

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explores the connection between defense outlays and growth in two neighboring but hostile countries i.e. Pakistan and India by … is positive while for India it turns out to be negative. It means that the defense sector in Pakistan fosters the … economic growth via aggregate demand and modernization effects. For India, defense sector is hampering growth due to …

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Fiscal consolidation and macroeconomic variables in India : a cointegration analysis

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