Military expenditure and economic growth: the case of India
Purpose – The relationship between military expenditure and economic growth is complex. The purpose of this paper is to examine this relationship in India. Design/methodology/approach – The design of this study is descriptive in the theoretical part, and quantitative in the applied one. The study us...
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| Format: | Article |
| Language: | English |
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Emerald Publishing
2020-03-01
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| Series: | Review of Economics and Political Science |
| Subjects: | |
| Online Access: | https://www.emerald.com/insight/content/doi/10.1108/REPS-03-2019-0025/full/pdf?title=military-expenditure-and-economic-growth-the-case-of-india |
| _version_ | 1797995795317784576 |
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| author | Gouda Abdel-Khalek Mohammed Gamal Mazloum Mohammed Ramadan Mohammed El Zeiny |
| author_facet | Gouda Abdel-Khalek Mohammed Gamal Mazloum Mohammed Ramadan Mohammed El Zeiny |
| author_sort | Gouda Abdel-Khalek |
| collection | DOAJ |
| description | Purpose – The relationship between military expenditure and economic growth is complex. The purpose of this paper is to examine this relationship in India. Design/methodology/approach – The design of this study is descriptive in the theoretical part, and quantitative in the applied one. The study uses time series approach, and Hendry General-to-Specific (GTS) modeling methodology, to examine and analyze the relationship between military expenditure and economic growth in India, during the period 1980-2016. Findings – The study shows the following: Absence of causal relationship between military expenditure and economic growth in India, during indicated period. The continuous regional tensions facing India represent the main factor for adopting Indian military strategy and emphasizing military capabilities. India has been able to build and develop links between civilian and military sectors. The Indian military scientific and manufacturing policies have achieved self-sufficiency in some of its military needs, a strong military industrial base and high levels of military exports. India participated with developed countries in military strategic industries. Such participation contributed to the integration of civilian and military sectors. India gave rights to private sector and foreign direct investment (FDI) for manufacturing in military industries, giving full marketing rights to the Indian government. These new policies considered a great move toward deep changes for Indian military manufacturing policy. Social implications – The findings shed light on the importance of stimulating links between civilian and military sectors, particularly in the industrial sectors and scientific activities. Originality/value – This study has a contribution to literature of military expenditures' economic effects. Theoretically, this study tries to fill the research gap regarding the impact of military expenditure in Indian case. Furthermore, to the best of the authors' knowledge, this is the first study that examines the relationship between military expenditure and economic growth in India using Hendry general-to-specific (GTS) modeling methodology and time series approach. |
| first_indexed | 2024-04-11T10:07:34Z |
| format | Article |
| id | doaj.art-98c92b0776724de4842fddaf252dbb6e |
| institution | Directory Open Access Journal |
| issn | 2631-3561 |
| language | English |
| last_indexed | 2024-04-11T10:07:34Z |
| publishDate | 2020-03-01 |
| publisher | Emerald Publishing |
| record_format | Article |
| series | Review of Economics and Political Science |
| spelling | doaj.art-98c92b0776724de4842fddaf252dbb6e2022-12-22T04:30:12ZengEmerald PublishingReview of Economics and Political Science2631-35612020-03-015211613510.1108/REPS-03-2019-0025635006Military expenditure and economic growth: the case of IndiaGouda Abdel-Khalek0Mohammed Gamal Mazloum1Mohammed Ramadan Mohammed El Zeiny2Department of Economics, Faculty of Economics and Political Science, Cairo University, Giza, EgyptFormer Director of Strategic Studies, Center of Armed Forces, Cairo, EgyptDepartment of Economics, Faculty of Economics and Political Science, Cairo University, Giza, EgyptPurpose – The relationship between military expenditure and economic growth is complex. The purpose of this paper is to examine this relationship in India. Design/methodology/approach – The design of this study is descriptive in the theoretical part, and quantitative in the applied one. The study uses time series approach, and Hendry General-to-Specific (GTS) modeling methodology, to examine and analyze the relationship between military expenditure and economic growth in India, during the period 1980-2016. Findings – The study shows the following: Absence of causal relationship between military expenditure and economic growth in India, during indicated period. The continuous regional tensions facing India represent the main factor for adopting Indian military strategy and emphasizing military capabilities. India has been able to build and develop links between civilian and military sectors. The Indian military scientific and manufacturing policies have achieved self-sufficiency in some of its military needs, a strong military industrial base and high levels of military exports. India participated with developed countries in military strategic industries. Such participation contributed to the integration of civilian and military sectors. India gave rights to private sector and foreign direct investment (FDI) for manufacturing in military industries, giving full marketing rights to the Indian government. These new policies considered a great move toward deep changes for Indian military manufacturing policy. Social implications – The findings shed light on the importance of stimulating links between civilian and military sectors, particularly in the industrial sectors and scientific activities. Originality/value – This study has a contribution to literature of military expenditures' economic effects. Theoretically, this study tries to fill the research gap regarding the impact of military expenditure in Indian case. Furthermore, to the best of the authors' knowledge, this is the first study that examines the relationship between military expenditure and economic growth in India using Hendry general-to-specific (GTS) modeling methodology and time series approach.https://www.emerald.com/insight/content/doi/10.1108/REPS-03-2019-0025/full/pdf?title=military-expenditure-and-economic-growth-the-case-of-indiaindiaeconomic growthtime series analysismilitary expendituremilitary keynesianism |
| spellingShingle | Gouda Abdel-Khalek Mohammed Gamal Mazloum Mohammed Ramadan Mohammed El Zeiny Military expenditure and economic growth: the case of India Review of Economics and Political Science india economic growth time series analysis military expenditure military keynesianism |
| title | Military expenditure and economic growth: the case of India |
| title_full | Military expenditure and economic growth: the case of India |
| title_fullStr | Military expenditure and economic growth: the case of India |
| title_full_unstemmed | Military expenditure and economic growth: the case of India |
| title_short | Military expenditure and economic growth: the case of India |
| title_sort | military expenditure and economic growth the case of india |
| topic | india economic growth time series analysis military expenditure military keynesianism |
| url | https://www.emerald.com/insight/content/doi/10.1108/REPS-03-2019-0025/full/pdf?title=military-expenditure-and-economic-growth-the-case-of-india |
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