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Please use this identifier to cite or link to this item: http://hdl.handle.net/123456789/832

Title: THE EFFECT OF DEFENSE EXPENDITURE ON ECONOMIC GROWTH IN THE SUB-SAHARAN AFRICAN COUNTRIES: PANEL DATA EVIDENCE
Authors: Kefyalawe, Endale
Advisors: Dr, C. Panda
Copyright: 2007
Date Added: 22-Apr-2008
Publisher: Addis Ababa University
Abstract: This paper is a contribution to the debate on the nexus between defense burden and economic growth in less-developed countries. It also aims to identify the determinants of defense burden. The study is based on 38 Sub-Saharan African countries over the period 1983-2002. Based on the Hausman (1978) test, random effect estimator model is selected and employed in the analysis. The empirical result shows that defense burden is destructive to real GDP growth. At sectoral level, its marginal effect on the value added growth of manufacturing and agriculture is significant and negative. These negative effects are especially high in the low income countries. Thus it is necessary to reduce the excessive and unproductive defense expenditure in the region to promote sustainable economic growth and to reduce the persistent poverty.
Description: A Thesis Submitted to the School of Graduate Studies of Addis Ababa University in Partial Fulfillment of the Requirements for the Degree of Masters of Science in Economics (Economic Policy Analysis) in the Department of Economics
URI: http://hdl.handle.net/123456789/832
Appears in:Thesis - Economics

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