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Does defence expenditure crowd out human capital expenditure? An empirical investigation in South Asia

Military expenditure and human capital expenditure are important components of central government expenditure. It has been accepted that high and increasing military expenditure may crowd out resources from human development expenditure, as the sources of government revenue are limited. The purpose...

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Main Authors: Jesmy, Abdul Rasheed Sithy, Abd Karim, Mohd Zaini
Format: Article
Language:English
Published: Science and Engineering Research Support Society 2019
Subjects:
HD28 Management. Industrial Management
Online Access:http://repo.uum.edu.my/27324/1/IJAST%2028%201%202019%20294%20305.pdf
http://repo.uum.edu.my/27324/
http://sersc.org/journals/index.php/IJAST/article/view/395
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spelling my.uum.repo.273242020-08-13T02:19:52Z http://repo.uum.edu.my/27324/ Does defence expenditure crowd out human capital expenditure? An empirical investigation in South Asia Jesmy, Abdul Rasheed Sithy Abd Karim, Mohd Zaini HD28 Management. Industrial Management Military expenditure and human capital expenditure are important components of central government expenditure. It has been accepted that high and increasing military expenditure may crowd out resources from human development expenditure, as the sources of government revenue are limited. The purpose of this study is to examine the relationship between military expenditure and, education and health expenditure in conflict affected five countries in South Asia, namely, Bangladesh, India, Nepal, Pakistan and Sri Lanka from the period 1980 to 2014, by applying the ARDL bounds test approach to cointegration and VECM Granger causality method. The finding of this study shows a significant negative effect of military expenditure on both health and education expenditure in several countries in South Asia. Moreover, it also provides an evidence for Granger causality in the long-run and in the short-run in most of the countries in South Asia. In addition, the findings of this study serve as a guide to the government and the policy-makers should take rigorous steps to minimize military expenditure through preventing conflict and enhancing good governance, which eventually enhance investment in human development Science and Engineering Research Support Society 2019 Article PeerReviewed application/pdf en http://repo.uum.edu.my/27324/1/IJAST%2028%201%202019%20294%20305.pdf Jesmy, Abdul Rasheed Sithy and Abd Karim, Mohd Zaini (2019) Does defence expenditure crowd out human capital expenditure? An empirical investigation in South Asia. International Journal of Advanced Science and Technology, 28 (1). pp. 294-305. ISSN 2005-4238 http://sersc.org/journals/index.php/IJAST/article/view/395
institution Universiti Utara Malaysia
building UUM Library
collection Institutional Repository
continent Asia
country Malaysia
content_provider Universiti Utara Malaysia
content_source UUM Institutional Repository
url_provider http://repo.uum.edu.my/
language English
topic HD28 Management. Industrial Management
spellingShingle HD28 Management. Industrial Management
Jesmy, Abdul Rasheed Sithy
Abd Karim, Mohd Zaini
Does defence expenditure crowd out human capital expenditure? An empirical investigation in South Asia
description Military expenditure and human capital expenditure are important components of central government expenditure. It has been accepted that high and increasing military expenditure may crowd out resources from human development expenditure, as the sources of government revenue are limited. The purpose of this study is to examine the relationship between military expenditure and, education and health expenditure in conflict affected five countries in South Asia, namely, Bangladesh, India, Nepal, Pakistan and Sri Lanka from the period 1980 to 2014, by applying the ARDL bounds test approach to cointegration and VECM Granger causality method. The finding of this study shows a significant negative effect of military expenditure on both health and education expenditure in several countries in South Asia. Moreover, it also provides an evidence for Granger causality in the long-run and in the short-run in most of the countries in South Asia. In addition, the findings of this study serve as a guide to the government and the policy-makers should take rigorous steps to minimize military expenditure through preventing conflict and enhancing good governance, which eventually enhance investment in human development
format Article
author Jesmy, Abdul Rasheed Sithy
Abd Karim, Mohd Zaini
author_facet Jesmy, Abdul Rasheed Sithy
Abd Karim, Mohd Zaini
author_sort Jesmy, Abdul Rasheed Sithy
title Does defence expenditure crowd out human capital expenditure? An empirical investigation in South Asia
title_short Does defence expenditure crowd out human capital expenditure? An empirical investigation in South Asia
title_full Does defence expenditure crowd out human capital expenditure? An empirical investigation in South Asia
title_fullStr Does defence expenditure crowd out human capital expenditure? An empirical investigation in South Asia
title_full_unstemmed Does defence expenditure crowd out human capital expenditure? An empirical investigation in South Asia
title_sort does defence expenditure crowd out human capital expenditure? an empirical investigation in south asia
publisher Science and Engineering Research Support Society
publishDate 2019
url http://repo.uum.edu.my/27324/1/IJAST%2028%201%202019%20294%20305.pdf
http://repo.uum.edu.my/27324/
http://sersc.org/journals/index.php/IJAST/article/view/395
_version_ 1675329766733905920
score 13.211869

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