Abstract:The paper attempts to trace the nexus between defense spending and economic growth in developing countries, using data for 59 developing countries from 1972-2000. The purpose is to measure the opportunity costs of defense spending mainly in terms of alternative public programs. The correlation of social sector expenditures with growth rate as well as the extent of correlation between social and defense sector spending is not clear in the majority of developing countries. It follows that even if defense spendin… Show more
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