Military Expenditure and External Debt in South Asia: A Panel Data Analysis

2018 ◽  
Vol 24 (3) ◽  
Author(s):  
Shujaat Abbas ◽  
Shahida Wizarat
Keyword(s):  
Data Analysis ◽  
South Asian ◽  
Panel Data Analysis ◽  
External Debt ◽  
Military Expenditure ◽  
Domestic Investment ◽  
Asian Countries ◽  
Efficient Utilization ◽  
International Investments ◽  
Effect Regression

AbstractThis study investigates the effect of military expenditure on the exploding external debt in five major South Asian economies, i.e. Pakistan, Bangladesh, India, Nepal and Sri Lanka from 1990 to 2015 using panel fixed effect regression model. The estimated result reveals that the external debt of selected South Asian countries is positively determined by their military expenditure, and negatively explained by their domestic investment activities. The study urges the efficient utilization of available capital resources into more productive investment activities to create employment for the labor force. The future prosperity of the region lies in the peaceful resolution of all outstanding disputes and a corresponding reduction in military spending that can make the region safe for domestic and international investments.

External Debt Distress in South Asia: Evidence from Panel Data Analysis

2020 ◽  
Vol 9 (2) ◽  
pp. 221-236
Author(s):  
Shujaat Abbas ◽  
Shahida Wizarat ◽  
Sadia Mansoor
Keyword(s):  
South Asian ◽  
Current Account ◽  
Panel Data Analysis ◽  
External Debt ◽  
Fixed Effect Model ◽  
Jel Classification ◽  
Current Account Balance ◽  
Asian Countries ◽  
Economic Determinants ◽  
Socio Economic Variables

This study is an attempt to explore social and economic determinants of external debt distress in five selected South Asian countries, that is, Bangladesh, India, Nepal, Pakistan and Sri Lanka, from 1980 to 2018, by using the contemporary panel fixed effect model and system generalized methods of moments. The findings revealed that the major determinants of external debt distress in selected South Asian countries are large and increasing current account deficits, lower gross capital formation, foreign direct investment and large military expenditures. Among selected socio-economic variables, the increase in life expectancy increases external debt distress, whereas urbanization reduces it considerably. The study urges selected South Asian countries to correct highly unfavourable current account balance, resolve regional conflicts leading to the reduction of the arms race and make the macroeconomic environment friendly for domestic and foreign investment to reduce exploding external debt distress. JEL Classification: C33, E22, F32, H63

How does energy poverty affect economic development? A panel data analysis of South Asian countries

2020 ◽  
Vol 27 (25) ◽  
pp. 31623-31635 ◽  
Author(s):  
Asad Amin ◽  
Yaping Liu ◽  
Jie Yu ◽  
Abbas Ali Chandio ◽  
Samma Faiz Rasool ◽  
...  
Keyword(s):  
Economic Development ◽  
Data Analysis ◽  
Panel Data ◽  
South Asian ◽  
Panel Data Analysis ◽  
Asian Countries ◽  
Energy Poverty

scholarly journals Financial Hegemony, Diversification Strategies and the Firm Value of Top 30 FTSE Companies in Malaysia

2016 ◽  
Vol 12 (3) ◽  
pp. 14
Author(s):  
Wan Sallha Yusoff ◽  
Mohd Fairuz Md. Salleh ◽  
Azlina Ahmad ◽  
Norida Basnan
Keyword(s):  
Data Analysis ◽  
Panel Data ◽  
Firm Value ◽  
Financial Stability ◽  
Panel Data Analysis ◽  
Location Decisions ◽  
Asian Countries ◽  
Diversification Strategies ◽  
The Stability ◽  
Southeast Asian Countries

<p>This study investigates the relationships between financial hegemony groups, global diversification strategies and firm value of the Malaysia’s 30 largest companies listed in FTSE Bursa Malaysia Index Series during 2009 to 2012 period. We chose Malaysia as an ideal setting because the findings contribute to the phenomenon of the diversification–performance relationship in the Southeast Asian countries. We apply hegemony stability theory to explain the importance of financial hegemony groups in deciding international locations for operations. By using panel data analysis, we find that financial hegemony groups are significantly important in international location decisions. Results reveal that the stability of financial hegemony in BRICS and G7 groups enhances the financial value of the Malaysia’s 30 largest companies, whereas the stability of financial hegemony in ASEAN groups is able to enhance the non-financial value of the firms. Overall, this paper suggests that in order to diversify globally, it is necessarily for the manager in the guest country to evaluate and fully understand the host country’s geopolitical situation and its financial stability.</p>

Investigating the Lee thesis: how bad is democracy for Asian economies?

2010 ◽  
Vol 2 (3) ◽  
pp. 451-473 ◽  
Author(s):  
Carl Henrik Knutsen
Keyword(s):  
Economic Growth ◽  
Data Analysis ◽  
Panel Data ◽  
Primary School ◽  
Growth And Development ◽  
Panel Data Analysis ◽  
Asian Countries ◽  
Average Effect ◽  
Economic Growth And Development ◽  
Asian Context

This paper discusses the hypothesis that democracy hurts economic growth and development, also known as the Lee thesis, and discusses why one could expect dictatorship to be particularly beneficial for growth in the Asian context. Three general theoretical arguments in support of the Lee thesis are then presented. However, the empirical results, based on panel data analysis on more than 20 Asian countries, do not support the hypothesis that dictatorship increases economic growth in Asia. There is no significant, average effect of democracy on growth. Asian dictatorships do invest a larger fraction of their GDP than democracies, but they are worse at generating high enrollment ratios in education after primary school.

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