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Relationship between military expenditure and economic growth in ASEAN: evidence from Indonesia

[journal article]

Chairil, Tangguh; Sinaga, Dedy; Febrianti, Annisa

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Abstract World military expenditure in post-Cold War world shows increasing trend especially in ASEAN region; Indonesia is no exception. The trend may have been supported by the argument that military expenditure has positive multiplier effects on economic growth. Unfortunately, there have been not too many studies on the effect of military expenditure on economic growth in the Indonesia context. This paper examines the topic by first reviewing literature on the relationship between military expenditure and economic growth, then by empirically testing the causal relationship between the two variables by using the Augmented Sollow Growth Model. The result shows that Indonesia's military expenditure has positive effect on the country's economic growth, which is most possibly caused by development of human capital as effect of military expenditure.
Keywords economic growth; Indonesia; military; public expenditures; military-industrial complex; economic policy; defense industry; Southeast Asia
Classification National Economy; Peace and Conflict Research, International Conflicts, Security Policy
Document language English
Publication Year 2013
Page/Pages p. 106-121
Journal Journal of ASEAN Studies, 1 (2013) 2
ISSN 2338-1353
Status Published Version; peer reviewed
Licence Creative Commons - Attribution-NonCommercial