Cover Image

Do military expenditure and conflict affect economic growth in Sri Lanka? evidence from ARDL bound test approach

Conflict in the form of civil war, ethnic tensions and political conflict is an on-going concern in the developing world as well major bottleneck to the economic development in Sri Lanka.Three decades of civil war and unethical political culture pushed the country to severe economic problems, slower...

Full description

Saved in:
Bibliographic Details
Main Authors: A.R, Sithy Jesmy, Abd Karim, Mohd Zaini, Applanaidu, Shri Dewi
Format: Conference or Workshop Item
Language:English
Published: 2015
Subjects:
U Military Science (General)
Online Access:http://repo.uum.edu.my/17041/1/08.pdf
http://repo.uum.edu.my/17041/
Tags: Add Tag
No Tags, Be the first to tag this record!
id my.uum.repo.17041
record_format eprints
spelling my.uum.repo.170412016-04-12T01:35:13Z http://repo.uum.edu.my/17041/ Do military expenditure and conflict affect economic growth in Sri Lanka? evidence from ARDL bound test approach A.R, Sithy Jesmy Abd Karim, Mohd Zaini Applanaidu, Shri Dewi U Military Science (General) Conflict in the form of civil war, ethnic tensions and political conflict is an on-going concern in the developing world as well major bottleneck to the economic development in Sri Lanka.Three decades of civil war and unethical political culture pushed the country to severe economic problems, slower rate of economic growth and heightened defense budget.The aim of this study is to examine the effect of military expenditure and conflict on economic growth in Sri Lanka between 1976 and 2013 using the Solow growth model and ARDL bound test approach.The results of bound test are highly significant and leading to co integration.The coefficients of the error correction terms are negative and highly significant.The estimated empirical results show that, the coefficient of military expenditure is negative and highly significant in the short-run as well as in the long-run to determine GDP per capita growth rate.Moreover, the coefficient of military participation shows negative in the long-run as well as in the short run but not statistically significant.In addition, dummy variable represented for conflict is negative and statistically significant to determine GDP per capita growth in Sri Lanka in the short-run as well as in the long-run.The results of this study clearly show that conflict and related military budget, decrease per capita GDP growth in Sri Lanka.Hence, it is critically important to take necessary action to decrease military budget and provide an efficient political solution to the minority problem at least in this post war scenario.It is also important to allocate efficient and optimum resources to all the sectors in the economy. 2015-11-04 Conference or Workshop Item PeerReviewed application/pdf en http://repo.uum.edu.my/17041/1/08.pdf A.R, Sithy Jesmy and Abd Karim, Mohd Zaini and Applanaidu, Shri Dewi (2015) Do military expenditure and conflict affect economic growth in Sri Lanka? evidence from ARDL bound test approach. In: 4th ASEAN Consortium on Department of Economics Conference (ACDEC) 2015, 04-05 November 2015, Student Accomodation Centre (SAC), UUM.
institution Universiti Utara Malaysia
building UUM Library
collection Institutional Repository
continent Asia
country Malaysia
content_provider Universiti Utara Malaysia
content_source UUM Institutionali Repository
url_provider http://repo.uum.edu.my/
language English
topic U Military Science (General)
spellingShingle U Military Science (General)
A.R, Sithy Jesmy
Abd Karim, Mohd Zaini
Applanaidu, Shri Dewi
Do military expenditure and conflict affect economic growth in Sri Lanka? evidence from ARDL bound test approach
description Conflict in the form of civil war, ethnic tensions and political conflict is an on-going concern in the developing world as well major bottleneck to the economic development in Sri Lanka.Three decades of civil war and unethical political culture pushed the country to severe economic problems, slower rate of economic growth and heightened defense budget.The aim of this study is to examine the effect of military expenditure and conflict on economic growth in Sri Lanka between 1976 and 2013 using the Solow growth model and ARDL bound test approach.The results of bound test are highly significant and leading to co integration.The coefficients of the error correction terms are negative and highly significant.The estimated empirical results show that, the coefficient of military expenditure is negative and highly significant in the short-run as well as in the long-run to determine GDP per capita growth rate.Moreover, the coefficient of military participation shows negative in the long-run as well as in the short run but not statistically significant.In addition, dummy variable represented for conflict is negative and statistically significant to determine GDP per capita growth in Sri Lanka in the short-run as well as in the long-run.The results of this study clearly show that conflict and related military budget, decrease per capita GDP growth in Sri Lanka.Hence, it is critically important to take necessary action to decrease military budget and provide an efficient political solution to the minority problem at least in this post war scenario.It is also important to allocate efficient and optimum resources to all the sectors in the economy.
format Conference or Workshop Item
author A.R, Sithy Jesmy
Abd Karim, Mohd Zaini
Applanaidu, Shri Dewi
author_facet A.R, Sithy Jesmy
Abd Karim, Mohd Zaini
Applanaidu, Shri Dewi
author_sort A.R, Sithy Jesmy
title Do military expenditure and conflict affect economic growth in Sri Lanka? evidence from ARDL bound test approach
title_short Do military expenditure and conflict affect economic growth in Sri Lanka? evidence from ARDL bound test approach
title_full Do military expenditure and conflict affect economic growth in Sri Lanka? evidence from ARDL bound test approach
title_fullStr Do military expenditure and conflict affect economic growth in Sri Lanka? evidence from ARDL bound test approach
title_full_unstemmed Do military expenditure and conflict affect economic growth in Sri Lanka? evidence from ARDL bound test approach
title_sort do military expenditure and conflict affect economic growth in sri lanka? evidence from ardl bound test approach
publishDate 2015
url http://repo.uum.edu.my/17041/1/08.pdf
http://repo.uum.edu.my/17041/
_version_ 1644282122570039296
score 13.211869

Similar Items