TY - JOUR
T1 - ECONOMIC GROWTH AND MILITARY EXPENDITURE IN DEVELOPING COUNTRIES DURING COVID-19 PANDEMIC
AU - Susilo, A. K.
AU - Sari, Dyah Wulan
AU - Putra, I. Nengah
AU - Pratiwi, N. A.
N1 - Publisher Copyright:
© 2022 Asociacion Euro-Americana de Estudios del Desarrollo. All rights reserved.
PY - 2022
Y1 - 2022
N2 - This study aims to provide an analysis of military expenditure, political stability, and the total of the workforce on economic growth through the GDP during the COVID-19 pandemic. Cross-section data for 40 countries with upper-to-middle income levels was used to analyze the evolution for the periods 2010-2019 and 2019-2020. For the period 2010-2019, there was a general decrease in the percentage of Gross Domestic Product devoted to Military Expenditure, but the real value per capita increased in many countries, due to the effect of the increase of real production per capita. In the year 2020 the Pandemic diminished the real value of Military Expenditure in a few countries. Military expenditure, as well other components of Public Expenditure, and the total Labor Force/Workforces for 40 developing countries with upper-to-middle-income levels have shown a positive and significant impact on the value of GDP, which means that they encourage economic growth during the COVID-19 pandemic.
AB - This study aims to provide an analysis of military expenditure, political stability, and the total of the workforce on economic growth through the GDP during the COVID-19 pandemic. Cross-section data for 40 countries with upper-to-middle income levels was used to analyze the evolution for the periods 2010-2019 and 2019-2020. For the period 2010-2019, there was a general decrease in the percentage of Gross Domestic Product devoted to Military Expenditure, but the real value per capita increased in many countries, due to the effect of the increase of real production per capita. In the year 2020 the Pandemic diminished the real value of Military Expenditure in a few countries. Military expenditure, as well other components of Public Expenditure, and the total Labor Force/Workforces for 40 developing countries with upper-to-middle-income levels have shown a positive and significant impact on the value of GDP, which means that they encourage economic growth during the COVID-19 pandemic.
KW - Gross Domestic Product (GDP)
KW - Military Expenditure
KW - Ordinary Least Square (OLS)
KW - the Total of Workforce
UR - http://www.scopus.com/inward/record.url?scp=85130137101&partnerID=8YFLogxK
M3 - Article
AN - SCOPUS:85130137101
SN - 1578-4487
VL - 22
SP - 19
EP - 38
JO - Applied Econometrics and International Development
JF - Applied Econometrics and International Development
IS - 1
ER -
