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very powerful tool for a rapid economic growth. The paper examines the long-run relationship between military expenditure … and economic growth in the selected Balkan countries, such as Albania, Bosnia and Herzegovina, Croatia, Montenegro, North … expenditure and economic growth in the Balkan countries based on panel data analysis. Also, empirical findings have confirmed that …
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expenditure causes economic growth. An external shock on military expenditure to gross domestic product and gross domestic product … following years. Hence, military expenditures have a positive impact on economic growth in Bangladesh. …
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