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dc.contributor.authorSelvanathan, Sarojaen_US
dc.contributor.authorSelvanathan, Selvaen_US
dc.date.accessioned2017-05-03T11:41:36Z
dc.date.available2017-05-03T11:41:36Z
dc.date.issued2014en_US
dc.identifier.issn20102690en_US
dc.identifier.urihttp://hdl.handle.net/10072/69108
dc.description.abstractMany countries allocate a significant amount of their income to defence related expenses, especially when involved in internal or external military conflicts. Political stability in a country is a key ingredient for attracting foreign and local investors and hence for economic growth. This paper analyses the relationship between defence expenditure and economic growth in Sri Lanka using data for the period 1975-2013 applying the latest developments in time series analysis. Interestingly, the results show that, in Sri Lanka, defence expenditure causes economic growth. There is no causal effect from economic growth to defence expenditure as generally expected. This result is unique as Sri Lanka went through 30 years of civil war which ended in 2009, which resulted in the loss of tens of thousands of civilian lives and cost several billions of dollars in annual defence expenditure throughout the war years.en_US
dc.description.peerreviewedYesen_US
dc.description.publicationstatusYesen_US
dc.format.extent1051634 bytes
dc.format.mimetypeapplication/pdf
dc.languageEnglishen_US
dc.publisherGokhale Institute of Politics and Economics (GIPE)en_US
dc.publisher.placeSingaporeen_US
dc.publisher.urihttp://www.ijdc.org.in/volume-4-issue-2.htmlen_US
dc.relation.ispartofstudentpublicationNen_US
dc.relation.ispartofpagefrom69en_US
dc.relation.ispartofpageto76en_US
dc.relation.ispartofissue2en_US
dc.relation.ispartofjournalInternational Journal of Development and Conflicten_US
dc.relation.ispartofvolume4en_US
dc.rights.retentionYen_US
dc.subject.fieldofresearchApplied Economics not elsewhere classifieden_US
dc.subject.fieldofresearchcode140299en_US
dc.titleDefence Expenditure and Economic Growth: A Case Study of Sri Lanka using Causality Analysisen_US
dc.typeJournal articleen_US
dc.type.descriptionC1 - Peer Reviewed (HERDC)en_US
dc.type.codeC - Journal Articlesen_US
dcterms.licensehttp://creativecommons.org/licenses/by-nc/3.0/en_US
gro.facultyGriffith Business School, Department of Accounting, Finance and Economicsen_US
gro.rights.copyright© 2014 Saroja Selvanathan and E.A Selvanathan. This is an Open Access article distributed under the terms of the Creative Commons Attribution-NonCommercial 3.0 Unported (CC BY-NC 3.0) License (http://creativecommons.org/licenses/by-nc/3.0/) which permits unrestricted, non-commercial use, distribution and reproduction in any medium, providing that the work is properly cited.en_US
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