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The study examines the effect of military expenditure on output in Nigeria both in the short-run and in the long-run period. In addition, it verified whether military expenditure is an economically non-contributive activity using ARDL bounds testing approach to co-integration. Results showed...
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the explanation of the relationship between defense spending and macroeconomic variables especially growth. This study … explores the connection between defense outlays and growth in two neighboring but hostile countries i.e. Pakistan and India by … economic growth via aggregate demand and modernization effects. For India, defense sector is hampering growth due to …
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