Military Expenditure and Economic Growth Relationship Revisited in Some South Asian Countries

2018 ◽  
pp. 144-169
Author(s):  
Kanchan Datta
Keyword(s):  
Economic Growth ◽  
Developing Countries ◽  
Sri Lanka ◽  
Health Education ◽  
South Asian ◽  
National Income ◽  
Military Expenditure ◽  
The Other ◽  
Special Importance ◽  
Multiplier Effect

To protect the motherland from foreign invasion, to maintain peace and stabilize border tension, to maintain a balance of strength among neighboring countries, military expenditure is inevitable. On the other hand, if huge money is spent to continue the war game with neighboring countries that shrinks the funds available for investing in health, education, infrastructure, and industrialization. Under this controversy, some researchers feel increase in military expenditure raises national income through multiplier effect, but another group thinks it crowds out investment for generating employment and reduction of poverty especially in developing countries. In this chapter an attempt has been taken to investigate the relation between military expenditure and its impact on economic growth of some South Asian nations (e.g., India, Pakistan, Sri Lanka, and Bangladesh) by giving special importance to India.

Military Expenditure and Economic Growth Relationship Revisited in Some South Asian Countries

2019 ◽  
pp. 810-835
Author(s):  
Kanchan Datta
Keyword(s):  
Economic Growth ◽  
Developing Countries ◽  
Sri Lanka ◽  
Health Education ◽  
South Asian ◽  
National Income ◽  
Military Expenditure ◽  
The Other ◽  
Special Importance ◽  
Multiplier Effect

To protect the motherland from foreign invasion, to maintain peace and stabilize border tension, to maintain a balance of strength among neighboring countries, military expenditure is inevitable. On the other hand, if huge money is spent to continue the war game with neighboring countries that shrinks the funds available for investing in health, education, infrastructure, and industrialization. Under this controversy, some researchers feel increase in military expenditure raises national income through multiplier effect, but another group thinks it crowds out investment for generating employment and reduction of poverty especially in developing countries. In this chapter an attempt has been taken to investigate the relation between military expenditure and its impact on economic growth of some South Asian nations (e.g., India, Pakistan, Sri Lanka, and Bangladesh) by giving special importance to India.

scholarly journals Dynamic Causal Relationships among GDP, Exports, and Foreign Direct Investment (FDI) in the Developing Countries

2013 ◽  
Vol 14 ◽  
pp. 1-19 ◽  
Author(s):  
Mohsen Mehrara ◽  
Amin Haghnejad ◽  
Jalal Dehnavi ◽  
Fereshteh Jandaghi Meybodi
Keyword(s):  
Economic Growth ◽  
Developing Countries ◽  
Foreign Direct Investment ◽  
Strong Evidence ◽  
Direct Investment ◽  
The Other ◽  
Fdi Inflows ◽  
Long Run ◽  
Short Run ◽  
Growth Hypothesis

Using panel techniques, this paper estimates the causality among economic growth, exports, and Foreign Direct Investment (FDI) inflows for developing countries over the period of 1980 to 2008. The study indicates that; firstly, there is strong evidence of bidirectional causality between economic growth and FDI inflows. Secondly, the exports-led growth hypothesis is supported by the finding of unidirectional causality running from exports to economic growth in both the short-run and the long-run. Thirdly, export is not Granger caused by economic growth and FDI inflow in either the short run or the long run. On the basis of the obtained results, it is recommended that outward-oriented strategies and policies of attracting FDI be pursued by developing countries to achieve higher rates of economic growth. On the other hand, the countries can increase FDI inflows by stimulating their economic growth.

scholarly journals KETERPURUKAN SEKTOR PERTANIAN SEBAGAI POTRET KEGAGALAN INDUSTRIALISASI DI INDONESIA

2015 ◽  
Vol 5 (1) ◽  
Author(s):  
Grendi Hendrastomo *
Keyword(s):  
Economic Growth ◽  
Developing Countries ◽  
Critical Review ◽  
Mass Production ◽  
Social Dynamics ◽  
Agricultural Sector ◽  
Green Revolution ◽  
The Other ◽  
Agricultural Field ◽  
Foreign Investors

Shifting agricultural era to the era of industrialization left many problems, especially in the agricultural sector. Populist policies have on one hand brought the country many industrial investments that force economic growth, but on the other hand reduced the partisanship of country in agricultural sector. Agriculture as the basis for mass production of most Indonesian society has became casualties as part of the green revolution that is full of developing countries‘s propaganda which brings benefit and lead to dependency on developing countries. The downturn actors of agricultural field increased in line with growth of food-estate program to attract foreign investors to explore the agro sector. This article discusses on a critical review of agriculture in Indonesia’s slump that began with the green revolution with their panca usaha tani, starting from the decline of the agricultural sector, static industrial situation until the solutions that might be applied to enhance the economic growth and social dynamics of Indonesia.   Keywords: Industrialisation, Marginalization of Agriculture, Green Revolution

Macroeconomics: the workings of the whole economy.

2021 ◽  
pp. 152-173
Author(s):  
Berkeley Hill
Keyword(s):  
Economic Growth ◽  
Simple Model ◽  
Aggregate Demand ◽  
National Income ◽  
Quantity Theory ◽  
Multiplier Effect ◽  
Equilibrium Level ◽  
Aggregate Economy

Abstract As a first step in analysing the workings of the aggregate economy and offering explanations for macroeconomic phenomena, this chapter constructs a simple model of the flow of income within the economy and uses it to explain what determines the level of that flow. The multiplier effect, the level of aggregate demand, the equilibrium level of national income, policies to control unemployment, inflation, the quantity theory of money, economic growth and its costs are then discussed.

The Pattern of Economic Growth

2020 ◽  
pp. 66-98
Author(s):  
Tirthankar Roy
Keyword(s):  
Economic Growth ◽  
Statistical Data ◽  
Average Rate ◽  
Economic Change ◽  
National Income ◽  
The Other ◽  
Colonial India ◽  
Definite Pattern ◽  
Per Capita ◽  
The One

Economic change in colonial India followed a definite pattern. Chapter 3 describes the pattern with statistical data. The chapter shows that the average rate of growth of national income per capita was low, but that the average picture is misleading since the experiences of agriculture on the one hand and industry and services on the other differed greatly. The presence of dissimilar trajectories complicates the task of explaining the pattern of change. The chapter suggests that instead of asking if colonialism and globalization made India rich or poor, we should be asking why colonialism and globalization made some livelihoods rich and left some others poor. Chapter 3 surveys the statistical data that enables asking question like this one.

The short-run and long-run dynamics among FDI, trade openness and economic growth: using a bootstrap ARDL test for co-integration in selected South Asian countries

2020 ◽  
Vol 9 (2) ◽  
pp. 279-295 ◽  
Author(s):  
Hummera Saleem ◽  
Malik Shahzad Shabbir ◽  
Muhammad Bilal khan
Keyword(s):  
Economic Growth ◽  
Sri Lanka ◽  
Causal Relationship ◽  
South Asian ◽  
Trade Openness ◽  
Asian Countries ◽  
Content Type ◽  
Long Run ◽  
Short Run ◽  
Auto Regressive

PurposeThe purpose of this study is to analyze the dynamic causal relationship between foreign direct investment (FDI), gross domestic product (GDP) and trade openness (TO) on a set of five selected South Asian countries.Design/methodology/approachThis study used newly developed bootstrap auto regressive distributed lags (ARDL) cointegration test to examine the long-run relationship among FDI, GDP and TO for selected South Asian countries for 1975–2016.FindingsThe economic growth (EG) is significantly related to TO for Bangladesh, India and Sri Lanka and the expansion of TO is crucial for growth in these countries. The results show that all countries (except Bangladesh) found the existence of long-run cointegration between FDI, GDP and TO, whereas FDI is a dependent variable. These results concluded that FDI and TO are contributing to EG in these selected countries.Originality/valueThis study is one of the first attempts to investigate the causal relationship and address the short and long dynamic among FDI, GDP and TO regarding five south Asian countries such as Bangladesh, India, Nepal, Pakistan and Sri Lanka.

Economic Performance Under Labour

2010 ◽  
Vol 212 ◽  
pp. R2-R14 ◽  
Author(s):  
Iana Liadze ◽  
Martin Weale
Keyword(s):  
Economic Growth ◽  
Labour Market ◽  
Economic Performance ◽  
Productivity Growth ◽  
Market Performance ◽  
National Income ◽  
The Other ◽  
The Uk ◽  
Sustainable Economic Growth ◽  
Growth Economic

This article compares the performance of the UK economy since 1997 with that between 1979 and 1997 and with the performance of the other G7 economies in both periods. It concludes that Britain has done relatively well in terms of productivity growth, economic growth and national income per head but not very well in terms of labour market performance. Savings rates were too low to deliver sustainable economic growth over the period 1979–97 and there has been very little improvement since then. The performance of the economy during the recession and its immediate aftermath has been disappointing relative to the other G7 economies.

scholarly journals Role of tourist motivation as mediating variable on visitor decisions at Indonesian tourism village

2021 ◽  
Vol 17 (3) ◽  
pp. 88-98
Author(s):  
Martaleni Martaleni ◽  
Ernani Hadiyati ◽  
Yussi Isna Pertiwi ◽  
Ni Nyoman Kerti Yasa
Keyword(s):  
Economic Growth ◽  
Developing Countries ◽  
Growth And Development ◽  
The Other ◽  
Tourist Attractions ◽  
Economic Growth And Development ◽  
Tourism Sector ◽  
Global Force ◽  
Tourist Village

The tourism sector has become a truly global force for promoting economic growth and development. Therefore, the study of tourism has become an interesting topic for researchers lately. On the other hand, local tourism, generally in developing countries, is often neglected by academics and policymakers. For this reason, this study aims to examine and analyze the role of tourist motivation in mediating accessibility, amenities, and attractions on visiting decisions. This study is a survey research with an explanatory method. The population is tourists who visit the tourism village of Bumiaji, Indonesia, in the low and busy seasons. The population is infinite and the number of respondents who were interviewed is 100 respondents; data were collected by distributing questionnaires to domestic tourists who came from outside the tourist village of Bumiaji, then the data were processed and analyzed using Warp Partial Least Squares. The findings indicate that the effect of accessibility on visiting decisions is not mediated by tourist motivation. This shows that the decision of tourists to visit can be directly influenced by the time and means of transportation available. Meanwhile, the influence of amenities and attractions on the decision to visit is mediated by the motivation of tourists. This means that amenities and attractions can influence a tourist’s decision to visit if there is an urge from tourist to relax or make friends or enjoy the culture at tourist attractions, etc.

scholarly journals Causal nexus between fiscal deficit and economic growth

2016 ◽  
Vol 4 (8) ◽  
pp. 1-19
Author(s):  
Ravinthirakumaran Navaratnam ◽  
Kasavarajah Mayandy
Keyword(s):  
Economic Growth ◽  
Sri Lanka ◽  
South Asian ◽  
Negative Impact ◽  
Positive Impact ◽  
Cointegration Analysis ◽  
Annual Data ◽  
Fiscal Deficit ◽  
Asian Countries ◽  
The Impact

The impact of fiscal deficit on economic growth is one of the most widely debated issues among economists and policy makers in both developed and developing countries in the recent period. This paper seeks to examine the impact of fiscal deficit on economic growth in selected South Asian countries, namely, Bangladesh, India, Nepal, Pakistan and Sri Lanka using time series annual data over the period 1980 to 2014. The paper uses cointegration analysis, error correction modelling and Granger causality test under a Vector Autoregression (VAR) framework. The results from this study confirmed that the fiscal deficit has a negative impact on economic growth in the South Asian countries considered in this study except Nepal, which confirmed the positive impact. The results also highlighted that the direction of causality for the SAARC countries is mixed where fiscal deficit causes economic growth for Bangladesh, Nepal and Pakistan, but the reverse is true for India and Sri Lanka.  

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