MILITARY-GROWTH CORRELATION: NEW EVIDENCE FROM DEVELOPING COUNTRIES

MILITARY-GROWTH CORRELATION: NEW EVIDENCE FROM DEVELOPING COUNTRIES

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It is generally believed that high levels of military expenditures hamper economic growth because it HDMI to Composite Cable crowds out investment.In this study, we investigate how defense spending affects economic growth in the 50 developing countries over the period 2010 to 2016.The results reveal that there is a positive and significant relationship between defense spending and economic growth in the developing countries.

It means that, when economic growth, it encourages military Bosch KUW20VHF0G 30cm Undercounter Wine Cooler – BLACK sector to spend more, and also population is directly related to economic growth, meaning that when population increase, it rises military expenditure in the developing countries.