Defense Spending and Income Inequality : Evidence from Selected Asian Countries

  title={Defense Spending and Income Inequality : Evidence from Selected Asian Countries},
  author={M. T. Hirnissa},
  • M. T. Hirnissa
  • Published 2009
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… CONTINUE READING


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