Defense spending and income inequality: evidence from selected Asian countries
This paper examines the causality between defense spending and income inequality in selected Asian countries namely Malaysia, Indonesia, Singapore, Philippines, India and South Korea for the period 1970-2005. Autoregressive Distributed Lag (ARDL) bounds testing procedure is employed to (1) analyze t...
| Main Authors: | , , |
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| Format: | Article |
| Language: | English |
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Canadian Center of Science and Education
2009
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| Online Access: | http://psasir.upm.edu.my/id/eprint/13880/1/13880.pdf |
| _version_ | 1796968530237718528 |
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| author | Mohd Tahir, Hirnissa Habibullah, Muzafar Shah Abdul Hamid, Baharom |
| author_facet | Mohd Tahir, Hirnissa Habibullah, Muzafar Shah Abdul Hamid, Baharom |
| author_sort | Mohd Tahir, Hirnissa |
| collection | UPM |
| description | This paper examines the causality between defense spending and income inequality in selected Asian countries namely Malaysia, Indonesia, Singapore, Philippines, India and South Korea for the period 1970-2005. Autoregressive Distributed Lag (ARDL) bounds testing procedure is employed to (1) analyze the impact of defense spending on income inequality and (2) the impact of income inequality on defense spending as well. Interestingly our results indicate one way causality running from defense spending to income inequality only for the case of Malaysia and bidirectional causality for the case of Singapore. As for the remaining countries, no meaningful relationship could be detected and it can be seen as sign of good governance in these countries. |
| first_indexed | 2024-03-06T07:29:40Z |
| format | Article |
| id | upm.eprints-13880 |
| institution | Universiti Putra Malaysia |
| language | English |
| last_indexed | 2024-03-06T07:29:40Z |
| publishDate | 2009 |
| publisher | Canadian Center of Science and Education |
| record_format | dspace |
| spelling | upm.eprints-138802018-08-14T08:51:36Z http://psasir.upm.edu.my/id/eprint/13880/ Defense spending and income inequality: evidence from selected Asian countries Mohd Tahir, Hirnissa Habibullah, Muzafar Shah Abdul Hamid, Baharom This paper examines the causality between defense spending and income inequality in selected Asian countries namely Malaysia, Indonesia, Singapore, Philippines, India and South Korea for the period 1970-2005. Autoregressive Distributed Lag (ARDL) bounds testing procedure is employed to (1) analyze the impact of defense spending on income inequality and (2) the impact of income inequality on defense spending as well. Interestingly our results indicate one way causality running from defense spending to income inequality only for the case of Malaysia and bidirectional causality for the case of Singapore. As for the remaining countries, no meaningful relationship could be detected and it can be seen as sign of good governance in these countries. Canadian Center of Science and Education 2009 Article PeerReviewed text en http://psasir.upm.edu.my/id/eprint/13880/1/13880.pdf Mohd Tahir, Hirnissa and Habibullah, Muzafar Shah and Abdul Hamid, Baharom (2009) Defense spending and income inequality: evidence from selected Asian countries. Modern Applied Science, 3 (5). pp. 96-111. ISSN 1913-1844; ESSN: 1913-1852 http://ccsenet.org/journal/index.php/mas/article/view/1944 10.5539/mas.v3n5p96 |
| spellingShingle | Mohd Tahir, Hirnissa Habibullah, Muzafar Shah Abdul Hamid, Baharom Defense spending and income inequality: evidence from selected Asian countries |
| title | Defense spending and income inequality: evidence from selected Asian countries |
| title_full | Defense spending and income inequality: evidence from selected Asian countries |
| title_fullStr | Defense spending and income inequality: evidence from selected Asian countries |
| title_full_unstemmed | Defense spending and income inequality: evidence from selected Asian countries |
| title_short | Defense spending and income inequality: evidence from selected Asian countries |
| title_sort | defense spending and income inequality evidence from selected asian countries |
| url | http://psasir.upm.edu.my/id/eprint/13880/1/13880.pdf |
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